29712 SW 158th Pl

Homestead, FL 33033 · single_family · Pending — under contract · 78 days on market
Asking price$495,000
4 beds 3 baths 1,283 sqft
Suggested offer$347,924$147,076 above the est. market value of $347,924.
View on Realtor.com →
Listed by Ibel Martinez · Rejoice Realty Group, Inc.
Typesingle_family
Built1994
Price / sqft$386
Est. value (own analysis)$347,924
Rent estimate (own analysis)$3,200/mo
HOANone
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Neighborhood

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Statusfor_sale
Listed date2026-06-17
Removed date
MLSMiamiMLS #A12037204
Coordinates25.49088, -80.44823
Address29712 SW 158th Pl
CityHomestead
StateFL
Zip33033
Listing ID6270966684
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33033)

Typical home value (ZHVI)$436,367
Typical rent (ZORI)$2,539/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)

Purchase price$495,000
Down payment (20.0%)$99,000
Loan amount$396,000
Closing costs (5.0%)$24,750
Total cash to close$123,750
Rent (comp-derived)$3,200$38,400
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$38,400
Vacancy rate (assumption) assumption8.0%

$38,400 × 8.0% = $3,072

Effective gross income$2,944$35,328
Property tax (placeholder 1.9% of price)$784$9,405
Insurance (placeholder 0.8% of price)$330$3,960
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$160$1,920
Total operating expenses$1,274$15,285
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$35,328
Total operating expenses derived$15,285

$35,328 − $15,285 = $20,043

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$396,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$396,000 amortized at 6.7% over 30 years = $2,545/mo

CapEx reserve (5.0% of GSR)$160$1,920
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$20,043
Annual debt service derived$30,538
Annual CapEx reserve assumption$1,920
Annual PMI assumption$0

($20,043 − $30,538 − $1,920 − $0) ÷ 12 = -$1,035

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$20,043
Purchase price data$495,000

$20,043 ÷ $495,000 = 4.0%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$12,415
Total cash to close derived$123,750

-$12,415 ÷ $123,750 = -10.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$20,043
Annual debt service derived$30,538

$20,043 ÷ $30,538 = 0.66

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$38,400
Purchase price data$495,000

($38,400 ÷ 12) ÷ $495,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$495,000
Gross scheduled rent (annual) comp$38,400

$495,000 ÷ $38,400 = 12.9

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$15,285
Effective gross income derived$35,328

$15,285 ÷ $35,328 = 43.3%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$15,285
Annual debt service derived$30,538
Annual PMI assumption$0
Gross scheduled rent (annual) comp$38,400

($15,285 + $30,538 + $0) ÷ $38,400 = 119.3%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family421,580$3,2002026-08-14
single_family421,260$2,5122026-05-24
single_family421,385$3,0002026-08-11
single_family431,670$3,2002026-08-13
single_family421,670$3,3002026-08-25
single_family421,496$3,5002026-08-24
single_family431,580$2,8002026-05-22
single_family421,250$3,3002026-05-12
single_family421,397$3,1002026-06-03
single_family421,684$3,6502026-08-10
single_family431,680$4,4002025-09-24
single_family421,670$3,5002026-08-11
single_family431,680$4,400
single_family431,599$2,990
single_family441,592$3,000
single_family431,408$2,900
single_family431,460$2,999

30204 SW 161st Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,580
Listed2026-08-14
Days on market

Asking rent: $3,200

View on Zillow →

1056 NE 39th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,260
Listed2026-05-24
Days on market

Asking rent: $2,512

View on Zillow →

13830 SW 282nd St

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,385
Listed2026-08-11
Days on market

Asking rent: $3,000

View on Zillow →

16035 SW 299th Ter

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,670
Listed2026-08-13
Days on market

Asking rent: $3,200

View on Zillow →

2364 NE 4th St Unit 2364

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,670
Listed2026-08-25
Days on market

Asking rent: $3,300

View on Zillow →

15400 SW 305th St

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,496
Listed2026-08-24
Days on market

Asking rent: $3,500

View on Zillow →

607 NE 21st Ter

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,580
Listed2026-05-22
Days on market

Asking rent: $2,800

View on Zillow →

15750 SW 297th St Unit 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,250
Listed2026-05-12
Days on market

Asking rent: $3,300

View on Zillow →

706 SE 14th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,397
Listed2026-06-03
Days on market

Asking rent: $3,100

View on Zillow →

2721 NE 42nd Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,684
Listed2026-08-10
Days on market

Asking rent: $3,650

View on Zillow →

29928 SW 159th Dr Unit 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,680
Listed2025-09-24
Days on market

Asking rent: $4,400

View on Zillow →

2410 NE 4th St Unit 2410

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 2 ba
Square footage1,670
Listed2026-08-11
Days on market

Asking rent: $3,500

View on Zillow →

29928 SW 159th Dr

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,680
Listed
Days on market

Asking rent: $4,400

View on Zillow →

29240 SW 163rd Ct

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,599
Listed
Days on market

Asking rent: $2,990

View on Zillow →

1048 NE 30th Ave # 1048

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 4 ba
Square footage1,592
Listed
Days on market

Asking rent: $3,000

View on Zillow →

159 SE 33rd Ter

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,408
Listed
Days on market

Asking rent: $2,900

View on Zillow →

28640 SW 146th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms4 bd / 3 ba
Square footage1,460
Listed
Days on market

Asking rent: $2,999

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
174 NE 32nd Tersingle_family422,818$450,0002026-08-25
2371 SE 1st Ctsingle_family432,228$670,0002026-08-20
16345 SW 303rd Stsingle_family421,586$520,0002026-08-18
156 SE 22nd Tersingle_family432,463$665,0002026-08-17
1211 NE 40th Rdsingle_family432,213$467,5002026-08-17
14405 SW 298th Tersingle_family431,876$460,0002026-08-14
3910 NE 10th Drsingle_family421,442$420,0002026-08-14
14285 SW 287th Stsingle_family421,449$525,0002026-08-14
2882 NE 4th Stsingle_family433,057$654,0002026-08-13
3090 SE 7th Plsingle_family432,060$495,0002026-08-07
15805 SW 300th Tersingle_family431,212$530,0002026-08-05
3954 NE 13th Drsingle_family421,260$405,0002026-08-03
28905 SW 163rd Ctsingle_family432,199$650,0002026-07-31
3179 NE 4th Stsingle_family431,762$479,9002026-07-31
695 SE 30th Drsingle_family432,060$545,0002026-07-27
391 NE 33rd Tersingle_family431,762$445,0002026-07-24
29935 SW 143rd Ctsingle_family421,216$475,0002026-07-23
15814 SW 305th Tersingle_family421,416$450,0002026-07-23
15940 SW 283rd Stsingle_family421,765$655,0002026-07-23
1495 NE 2nd Ctsingle_family43$614,0002026-07-21
1033 NE 35th Avesingle_family432,752$618,0002026-07-20
3983 NE 12th Drsingle_family421,260$380,0002026-07-17
15971 SW 287th Stsingle_family422,405$565,0002026-07-17
2655 NE 2nd Drsingle_family432,093$500,0002026-07-15
2182 SE 1st Stsingle_family422,420$554,0002026-07-15
14431 SW 285th Stsingle_family421,673$499,9972026-07-14
961 NE 36th Avesingle_family431,921$480,0002026-07-13
28105 SW 166th Ctsingle_family421,779$680,0002026-07-10
15545 Arizona Rdsingle_family42$525,0002026-07-10
15231 SW 302nd Stsingle_family421,288$476,0002026-07-09
28469 SW 131st Ctsingle_family421,613$509,0002026-07-09
29641 SW 165th Ctsingle_family432,381$633,0002026-07-07
3367 NE 3rd Drsingle_family431,762$467,5002026-07-01
181 NE 17th Avesingle_family432,085$585,5002026-06-30
2117 NE 40th Rdsingle_family431,967$525,0002026-06-30
1583 NE 2nd Ctsingle_family432,470$619,0002026-06-29
30001 SW 153rd Avesingle_family431,400$560,0002026-06-26
2316 NE 3rd Ctsingle_family421,670$455,0002026-06-25
13345 SW 284th Tersingle_family432,598$555,0002026-06-24
30031 SW 145th Ctsingle_family421,610$515,0002026-06-24
2945 SE 3rd Stsingle_family432,090$640,0002026-06-23
28665 SW 158th Ctsingle_family432,512$570,0002026-06-22
28101 SW 159th Avesingle_family421,704$658,0002026-06-17
2604 NE 1st Stsingle_family432,696$649,9952026-06-17
28104 SW 165th Ctsingle_family421,779$670,0002026-06-16
2615 SE 5th Ctsingle_family432,073$516,0002026-06-15
4045 NE 15th Stsingle_family421,953$485,0002026-06-12
13556 SW 285th Tersingle_family431,863$490,0002026-06-12
29144 SW 165th Avesingle_family432,607$793,0002026-06-11
1281 NE 41st Plsingle_family421,830$485,0002026-06-11

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.

AddressTypeBedsBathsSqftAsking priceDays on market
16200 SW 320th Stsingle_family432,267$690,990
16314 SW 291 St Unit 16314condo_townhome_rowhome_coop43$385,000
17360 SW 286 Stsingle_family432,217$724,690
2570 SE 4th Plsingle_family432,098$485,000
13411 SW 285th Stsingle_family432,598$552,000
729 SE 34th Avesingle_family421,670$444,444
15624 SW 297th Tersingle_family421,506$597,000
977 NE 37th Plsingle_family432,020$455,000

10-year hold projection

IRR3.6%
Equity multiple1.58x
Total return (10yr)$136,054
YearProperty valueNOICash flowLoan balanceEquity
1$509,850$20,043-$12,415$391,707$118,144
2$525,146$20,721-$11,785$387,118$138,027
3$540,900$21,421-$11,134$382,215$158,685
4$557,127$22,144-$10,462$376,975$180,152
5$573,841$22,890-$9,767$371,375$202,466
6$591,056$23,661-$9,049$365,390$225,666
7$608,788$24,458-$8,307$358,995$249,793
8$627,051$25,280-$7,540$352,160$274,891
9$645,863$26,129-$6,748$344,856$301,007
10$665,239$27,006-$5,929$337,050$328,188
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.