11415 SW 248th Ter
Homestead, FL 33032 · townhomes · Pending — under contract · 40 days on market
Asking price$350,000
2 beds 3 baths 1,422 sqft
Listed by Luis Andrew Ruiz · EXP Realty, LLC
Typetownhomes
Built2017
Price / sqft$246
Est. value (own analysis)$355,000
Rent estimate (own analysis)$2,400/mo
HOA$225/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-07-24
Removed date—
MLSMiamiMLS #A12059153
Coordinates25.53674, -80.37655
Address11415 SW 248th Ter
CityHomestead
StateFL
Zip33032
Listing ID6247449609
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 | $350,000 |
| Down payment (20.0%) | $70,000 |
| Loan amount | $280,000 |
| Closing costs (5.0%) | $17,500 |
| Total cash to close | $87,500 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $554$6,650 |
| Insurance (est. scaled by flood & wind risk) | $513$6,160 |
| HOA dues | $225$2,700 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,413$16,950 |
| 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) | $120$1,440 |
| 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 | 2 | 3 | 1,422 | $2,400 | 2026-06-17 | — | |
| townhomes | 2 | 3 | 1,422 | $2,500 | 2026-06-27 | — | |
| townhomes | 2 | 3 | 1,351 | $2,350 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 11477 SW 248th | townhomes | 2 | 3 | 1,422 | $342,000 | 2026-08-06 |
| 11573 SW 248th Ter Unit 11573 | townhomes | 2 | 3 | 1,422 | $355,000 | 2026-07-30 |
| 27546 SW 142nd Ave | townhomes | 2 | 2 | 1,580 | $395,000 | 2026-07-13 |
| 24951 SW 114th Ct | townhomes | 2 | 2 | 1,422 | $370,000 | 2026-07-06 |
| 26201 SW 135th Ave | townhomes | 2 | 2 | 1,568 | $265,000 | 2026-06-25 |
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
IRR-0.1%
Equity multiple0.98x
Total return (10yr)$43,847
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $360,500 | $9,546 | -$13,486 | $276,964 | $83,536 |
| 2 | $371,315 | $9,917 | -$13,151 | $273,720 | $97,595 |
| 3 | $382,454 | $10,302 | -$12,804 | $270,253 | $112,202 |
| 4 | $393,928 | $10,700 | -$12,443 | $266,547 | $127,381 |
| 5 | $405,746 | $11,112 | -$12,070 | $262,588 | $143,158 |
| 6 | $417,918 | $11,539 | -$11,683 | $258,356 | $159,562 |
| 7 | $430,456 | $11,981 | -$11,281 | $253,834 | $176,622 |
| 8 | $443,370 | $12,439 | -$10,866 | $249,001 | $194,368 |
| 9 | $456,671 | $12,912 | -$10,434 | $243,837 | $212,834 |
| 10 | $470,371 | $13,403 | -$9,988 | $238,317 | $232,053 |
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.