11527 SW 248th Ln
Homestead, FL 33032 · condo_townhome_rowhome_coop · For Sale · 261 days on market
Asking price$369,000
2 beds 3 baths 1,422 sqft
Suggested offer$182,545$186,455 above the est. market value of $182,545.
View on Realtor.com →Listed by Rose Santos · Keyes - Doral
Typecondo_townhome_rowhome_coop
Built2016
Price / sqft$259
Est. value (own analysis)$182,545
Rent estimate (own analysis)$2,290/mo
HOA$225/mo
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Statusfor_sale
Listed date2025-12-15
Removed date—
MLSMiamiMLS #A11917145
Coordinates25.53611, -80.37838
Address11527 SW 248th Ln
CityHomestead
StateFL
Zip33032
Listing ID6247151482
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $369,000 |
| Down payment (20.0%) | $73,800 |
| Loan amount | $295,200 |
| Closing costs (5.0%) | $18,450 |
| Total cash to close | $92,250 |
| Income | |
| Rent (comp-derived) | $2,290$27,480 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,107$25,282 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $584$7,011 |
| Insurance (placeholder 0.8% of price) | $246$2,952 |
| HOA dues | $225$2,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $115$1,374 |
| Total operating expenses | $1,170$14,037 |
| 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) | $115$1,374 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 2 | 2 | 1,000 | $2,002 | 2025-09-19 | — | |
| apartment | 2 | 1 | 1,799 | $1,600 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,075 | $1,595 | 2026-05-21 | — | |
| apartment | 2 | 2 | 1,327 | $1,950 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,075 | $1,550 | 2026-07-31 | — | |
| apartment | 2 | 1 | 1,736 | $1,750 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,075 | $1,650 | 2026-08-19 | — | |
| apartment | 2 | 1 | 1,104 | $1,650 | 2026-08-04 | — | |
| condos | 2 | 1 | 1,799 | $1,800 | 2026-04-28 | — | |
| condos | 2 | 2 | 1,075 | $1,800 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,075 | $1,950 | 2026-06-17 | — | |
| condos | 2 | 2 | 1,075 | $1,650 | 2026-05-21 | — | |
| condos | 2 | 2 | 1,075 | $1,500 | 2026-01-20 | — | |
| condos | 2 | 2 | 1,075 | $1,800 | 2026-07-23 | — | |
| condos | 2 | 2 | 1,075 | $1,895 | 2024-11-11 | — | |
| apartment | 2 | 1 | 1,788 | $1,900 | 2026-02-05 | — | |
| apartment | 2 | 1 | 1,104 | $1,650 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,174 | $2,300 | 2026-08-17 | — | |
| condos | 2 | 2 | 1,075 | $1,850 | 2026-08-09 | — | |
| condos | 2 | 2 | 1,075 | $1,800 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,075 | $1,800 | 2026-06-11 | — | |
| condos | 2 | 3 | 1,422 | $2,575 | 2026-06-19 | — | |
| apartment | 2 | 2 | 1,175 | $2,556 | 2026-06-17 | — | |
| apartment | 2 | 2 | 1,175 | $2,556 | 2026-06-18 | — | |
| apartment | 2 | 2 | 1,176 | $2,556 | 2025-11-06 | — | |
| apartment | 2 | 1 | 1,075 | $1,550 | 2026-06-20 | — | |
| apartment | 2 | 2 | 1,026 | $2,465 | — | — | |
| apartment | 2 | 2 | 1,026 | $2,445 | — | — | |
| apartment | 2 | 2 | 1,026 | $2,485 | — | — | |
| apartment | 2 | 2 | 1,175 | $2,599 | — | — | |
| apartment | 2 | 2 | 1,175 | $2,599 | — | — | |
| apartment | 2 | 2 | 1,034 | $2,360 | — | — | |
| apartment | 2 | 2 | 1,176 | $2,465 | — | — | |
| condos | 2 | 2 | 942 | $2,225 | — | — | |
| condos | 2 | 2 | 945 | $2,473 | — | — | |
| condos | 2 | 2 | 942 | $2,290 | — | — | |
| condos | 2 | 2 | 950 | $2,399 | — | — | |
| condos | 2 | 2 | 965 | $2,450 | — | — | |
| condos | 2 | 2 | 965 | $2,470 | — | — | |
| apartment | 2 | 2 | 1,176 | $2,465 | — | — | |
| apartment | 2 | 2 | 1,034 | $2,554 | — | — | |
| apartment | 2 | 2 | 1,176 | $2,465 | — | — | |
| apartment | 2 | 2 | 1,175 | $2,599 | — | — | |
| apartment | 2 | 2 | 1,034 | $2,786 | — | — | |
| condos | 2 | 3 | 1,314 | $2,375 | 2026-09-01 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 14830 Naranja Lakes Blvd Unit A1M | condos | 2 | 2 | 1,075 | $138,000 | 2026-07-27 |
| 14850 Naranja Lakes Blvd Unit B1K | condos | 2 | 2 | 1,075 | $135,000 | 2026-07-10 |
| 13345 SW 274th St | condo | 4 | 3 | 2,292 | $610,000 | 2026-05-20 |
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 |
|---|---|---|---|---|---|---|
| 14830 Naranja Lakes Blvd Unit A1N | condos | 2 | 2 | 1,075 | $154,900 | — |
| 14840 Naranja Lakes Blvd Unit C1L | condos | 2 | 2 | 1,075 | $144,900 | — |
| 14830 Naranja Lakes Blvd Unit A3A | condos | 2 | 2 | 1,075 | $164,900 | — |
| 14850 Naranja Lakes Blvd Unit B1G | condos | 2 | 2 | 1,075 | $157,000 | — |
| 14850 Naranja Lakes Blvd Unit B3A | condos | 2 | 2 | 1,075 | $145,900 | — |
| 23600 SW 122nd Ave | single_family | 2 | 1 | — | $625,000 | — |
| condos | 2 | 2 | 1,075 | $215,000 | — | |
| 14211 SW 272nd Ln | townhomes | 2 | 3 | 1,408 | $339,000 | — |
10-year hold projection
IRR0.8%
Equity multiple1.13x
Total return (10yr)$60,375
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $380,070 | $11,245 | -$12,894 | $291,999 | $88,071 |
| 2 | $391,472 | $11,652 | -$12,521 | $288,579 | $102,893 |
| 3 | $403,216 | $12,074 | -$12,134 | $284,924 | $118,292 |
| 4 | $415,313 | $12,510 | -$11,734 | $281,018 | $134,295 |
| 5 | $427,772 | $12,960 | -$11,321 | $276,843 | $150,929 |
| 6 | $440,605 | $13,427 | -$10,892 | $272,382 | $168,223 |
| 7 | $453,823 | $13,909 | -$10,449 | $267,614 | $186,209 |
| 8 | $467,438 | $14,408 | -$9,990 | $262,520 | $204,919 |
| 9 | $481,461 | $14,923 | -$9,515 | $257,075 | $224,386 |
| 10 | $495,905 | $15,456 | -$9,024 | $251,256 | $244,649 |
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.