220 NE 12th Ave
Homestead, FL 33030 · mobile · For Sale · 1 days on market
Asking price$275,000
3 beds 2 baths 1,152 sqft
Suggested offer$168,000$107,000 above the est. market value of $168,000.
View on Realtor.com →Listed by Yaleny Rakovsky · Withal Realty Corp
Typemobile
Built2002
Price / sqft$239
Est. value (own analysis)$168,000
Rent estimate (own analysis)$2,500/mo
HOA$162/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire2/10Minor
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Statusfor_sale
Listed date2026-09-01
Removed date—
MLSMiamiMLS #A12081760
Coordinates25.47256, -80.46153
Address220 NE 12th Ave
CityHomestead
StateFL
Zip33030
Listing ID6216262845
Sourceus-real-estate-listings, cached 2026-09-02
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 | $275,000 |
| Down payment (20.0%) | $55,000 |
| Loan amount | $220,000 |
| Closing costs (5.0%) | $13,750 |
| Total cash to close | $68,750 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $435$5,225 |
| Insurance (est. scaled by flood & wind risk) | $403$4,840 |
| HOA dues | $162$1,944 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,126$13,509 |
| 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) | $125$1,500 |
| 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 |
|---|---|---|---|---|---|---|---|
| mobile | 3 | 2 | 1,456 | $2,150 | 2026-08-24 | — | |
| mobile | 3 | 2 | 1,456 | $2,650 | 2026-08-20 | — | |
| mobile | 3 | 2 | 5,891 | $2,500 | 2026-06-19 | — |
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 |
|---|---|---|---|---|---|---|
| 220 NE 12th Ave Lot 182 | mobile | 3 | 2 | 1,344 | $195,000 | 2026-06-30 |
| 220 NE 12th Ave Lot 219 | mobile | 3 | 2 | 1,680 | $245,000 | 2026-03-12 |
| 220 NE 12th Ave Lot 186 | mobile | 3 | 2 | 1,456 | $255,000 | 2026-02-26 |
| 220 NE 12th Ave Lot 150 | mobile | 3 | 2 | 1,344 | $246,000 | 2025-11-14 |
| 220 NE 12th Ave Lot 210 | mobile | 3 | 2 | 1,400 | $200,000 | 2025-10-21 |
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
IRR6.4%
Equity multiple2.02x
Total return (10yr)$105,925
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $283,250 | $14,091 | -$4,374 | $217,615 | $65,635 |
| 2 | $291,748 | $14,581 | -$3,922 | $215,066 | $76,682 |
| 3 | $300,500 | $15,088 | -$3,453 | $212,341 | $88,158 |
| 4 | $309,515 | $15,612 | -$2,969 | $209,430 | $100,085 |
| 5 | $318,800 | $16,153 | -$2,468 | $206,319 | $112,481 |
| 6 | $328,364 | $16,712 | -$1,951 | $202,994 | $125,370 |
| 7 | $338,215 | $17,290 | -$1,415 | $199,441 | $138,774 |
| 8 | $348,362 | $17,887 | -$862 | $195,644 | $152,718 |
| 9 | $358,813 | $18,503 | -$290 | $191,586 | $167,226 |
| 10 | $369,577 | $19,141 | $302 | $187,250 | $182,327 |
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.