751 SE 2nd St
Homestead, FL 33030 · townhomes · For Sale · 44 days on market
Asking price$339,900
3 beds 3 baths 1,378 sqft
Suggested offer$318,000$21,900 above the est. market value of $318,000.
View on Realtor.com →Listed by Maria Salinas · Coldwell Banker Realty
Typetownhomes
Built2003
Price / sqft$247
Est. value (own analysis)$318,000
Rent estimate (own analysis)$2,250/mo
HOA$150/mo
1 / 42
Show every detail
Statusfor_sale
Listed date2026-07-20
Removed date—
MLSMiamiMLS #A12054132
Coordinates25.46852, -80.46753
Address751 SE 2nd St
CityHomestead
StateFL
Zip33030
Listing ID6204255175
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $339,900 |
| Down payment (20.0%) | $67,980 |
| Loan amount | $271,920 |
| Closing costs (5.0%) | $16,995 |
| Total cash to close | $84,975 |
| Income | |
| Rent (comp-derived) | $2,250$27,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,070$24,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $538$6,458 |
| Insurance (placeholder 0.8% of price) | $227$2,719 |
| HOA dues | $150$1,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $113$1,350 |
| Total operating expenses | $1,027$12,327 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $113$1,350 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 2 | 1,232 | $1,990 | 2026-08-28 | — | |
| townhomes | 3 | 2 | 1,115 | $2,400 | 2026-08-26 | — | |
| townhomes | 3 | 3 | 1,587 | $2,300 | 2026-07-15 | — | |
| townhomes | 3 | 2 | 1,167 | $2,200 | 2026-08-10 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 761 SE 2nd St | townhomes | 3 | 3 | 1,378 | $318,000 | 2026-08-11 |
| 64 SW 15th Ter | townhomes | 3 | 2 | 1,189 | $340,000 | 2026-08-03 |
| 136 SW 15th Rd | townhomes | 3 | 2 | 1,115 | $200,000 | 2026-07-20 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,813 | $504,990 | — |
| 18840 SW 314th St | single_family | 3 | 3 | 1,813 | $510,365 | — |
| 18876 SW 314th St | single_family | 3 | 3 | 1,670 | $504,215 | — |
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,670 | $493,990 | — |
| 31 NW 10th St Unit 1105 | condos | 3 | 3 | 1,209 | $1,461,500 | — |
| 30221 SW 173rd Ave | single_family | 3 | 2 | 1,302 | $546,000 | — |
| 948 NW 9th Ct | single_family | 3 | 2 | 1,858 | $463,000 | — |
| 655 SW 5th St | single_family | 3 | 2 | 1,120 | $375,000 | — |
10-year hold projection
IRR2.5%
Equity multiple1.41x
Total return (10yr)$79,215
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $350,097 | $12,513 | -$9,806 | $268,972 | $81,125 |
| 2 | $360,600 | $12,950 | -$9,403 | $265,821 | $94,779 |
| 3 | $371,418 | $13,401 | -$8,986 | $262,454 | $108,964 |
| 4 | $382,560 | $13,868 | -$8,555 | $258,856 | $123,705 |
| 5 | $394,037 | $14,351 | -$8,109 | $255,011 | $139,027 |
| 6 | $405,858 | $14,849 | -$7,647 | $250,901 | $154,957 |
| 7 | $418,034 | $15,364 | -$7,170 | $246,510 | $171,525 |
| 8 | $430,575 | $15,897 | -$6,677 | $241,816 | $188,759 |
| 9 | $443,492 | $16,447 | -$6,167 | $236,801 | $206,691 |
| 10 | $456,797 | $17,015 | -$5,640 | $231,441 | $225,356 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.