3326 NE 11th Dr

Homestead, FL 33033 · townhomes · For Sale · 47 days on market
Asking price$310,000
2 beds 2 baths 1,057 sqft
Suggested offer$245,087$64,913 above the est. market value of $245,087.
View on Realtor.com →
Listed by Ashlee Albert-Hernandez · Gravity Real Estate, LLC.
Typetownhomes
Built2005
Price / sqft$293
Est. value (own analysis)$245,087
Rent estimate (own analysis)$2,250/mo
HOA$287/mo
Street view
View full map & nearby schools →

Neighborhood

Show every detail
Statusfor_sale
Listed date2026-07-17
Removed date
MLSMiamiMLS #A12054378
Coordinates25.48153, -80.42664
Address3326 NE 11th Dr
CityHomestead
StateFL
Zip33033
Listing ID6397119022
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$310,000
Down payment (20.0%)$62,000
Loan amount$248,000
Closing costs (5.0%)$15,500
Total cash to close$77,500
Rent (comp-derived)$2,250$27,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$27,000
Vacancy rate (assumption) assumption8.0%

$27,000 × 8.0% = $2,160

Effective gross income$2,070$24,840
Property tax (placeholder 1.9% of price)$491$5,890
Insurance (placeholder 0.8% of price)$207$2,480
HOA dues$287$3,444
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$113$1,350
Total operating expenses$1,097$13,164
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$24,840
Total operating expenses derived$13,164

$24,840 − $13,164 = $11,676

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$248,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$248,000 amortized at 6.7% over 30 years = $1,594/mo

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

Monthly Cash Flow

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

NOI derived$11,676
Annual debt service derived$19,125
Annual CapEx reserve assumption$1,350
Annual PMI assumption$0

($11,676 − $19,125 − $1,350 − $0) ÷ 12 = -$733

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$11,676
Purchase price data$310,000

$11,676 ÷ $310,000 = 3.8%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$8,799
Total cash to close derived$77,500

-$8,799 ÷ $77,500 = -11.4%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$11,676
Annual debt service derived$19,125

$11,676 ÷ $19,125 = 0.61

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$27,000
Purchase price data$310,000

($27,000 ÷ 12) ÷ $310,000 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$310,000
Gross scheduled rent (annual) comp$27,000

$310,000 ÷ $27,000 = 11.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$13,164
Effective gross income derived$24,840

$13,164 ÷ $24,840 = 53.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$13,164
Annual debt service derived$19,125
Annual PMI assumption$0
Gross scheduled rent (annual) comp$27,000

($13,164 + $19,125 + $0) ÷ $27,000 = 119.6%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
townhomes231,200$2,3002025-05-22
townhomes22919$1,8752026-08-24
townhomes22898$1,7502026-04-07
townhomes22919$1,9002026-07-15
townhomes231,290$2,1502026-08-25
townhomes221,258$2,3002026-07-23
townhomes231,234$2,2502025-11-19
townhomes231,224$2,3002026-07-25
townhomes231,224$2,5002026-08-27

755 SE 32nd Ter Unit 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,200
Listed2025-05-22
Days on market

Asking rent: $2,300

View on Zillow →

83 NE 13th Ave Unit 15

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage919
Listed2026-08-24
Days on market

Asking rent: $1,875

View on Zillow →

13264 Old Biscayne Dr Apt 405

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage898
Listed2026-04-07
Days on market

Asking rent: $1,750

View on Zillow →

31 NE 13th Ave Unit 5

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage919
Listed2026-07-15
Days on market

Asking rent: $1,900

View on Zillow →

134 SE 28th Ter Unit 5

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,290
Listed2026-08-25
Days on market

Asking rent: $2,150

View on Zillow →

3365 NE 11th Dr Unit 3365

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 2 ba
Square footage1,258
Listed2026-07-23
Days on market

Asking rent: $2,300

View on Zillow →

4100 NE 24th Dr

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,234
Listed2025-11-19
Days on market

Asking rent: $2,250

View on Zillow →

3209 SE 4th Ct Unit 3209

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,224
Listed2026-07-25
Days on market

Asking rent: $2,300

View on Zillow →

755 SE 32nd Ter Unit 755

Homestead, 33033 · rent comp

Bedrooms / bathrooms2 bd / 3 ba
Square footage1,224
Listed2026-08-27
Days on market

Asking rent: $2,500

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
13408 SW 287th Sttownhomes331,695$387,0002026-08-28
3701 NE 4th Sttownhomes431,683$385,0002026-08-27
1137 NE 31st Tertownhomes431,592$320,0002026-08-25
13401 SW 287th St Unit 13401townhomes331,695$399,0002026-08-21
500 SE 32nd Avetownhomes331,432$350,0002026-08-17
207 SE 37th Pltownhomes432,040$370,0002026-08-07
4289 NE 10th Cttownhomes331,428$320,0002026-08-07
3204 NE 11th Drtownhomes221,258$330,0002026-08-06
1072 NE 30th Avetownhomes431,580$340,0002026-08-03
3728 NE 3rd Cttownhomes321,628$388,0002026-07-31
215 SE 37th Pltownhomes331,452$349,9992026-07-31
13929 SW 282nd Sttownhomes321,160$301,0002026-07-27
1655 NE 33rd Rd Unit 102-4townhomes331,379$290,0002026-07-24
990 NE 42nd Pltownhomes321,298$305,0002026-07-21

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.

AddressTypeBedsBathsSqftAsking priceDays on market
472 SE 22nd Drsingle_family221,057$240,000
2215 SE 7th Plsingle_family221,171$340,000
13264 Old Biscayne Dr Apt 405townhomes22898$214,500
2929 SE 2nd St Unit 7townhomes231,290$240,000
15410 SW 284th St Unit 8301condos22900$176,000
28501 SW 152nd Avemobile223,832$39,900
61 NE 13th Avesingle_family22919$220,000
230 SE 29th Ave Unit 12townhomes231,290$215,000

10-year hold projection

IRR2.7%
Equity multiple1.44x
Total return (10yr)$74,443
YearProperty valueNOICash flowLoan balanceEquity
1$319,300$11,676-$8,799$245,311$73,989
2$328,879$12,092-$8,416$242,438$86,441
3$338,745$12,522-$8,021$239,367$99,378
4$348,908$12,967-$7,611$236,085$112,822
5$359,375$13,427-$7,188$232,578$126,797
6$370,156$13,903-$6,749$228,830$141,326
7$381,261$14,394-$6,296$224,825$156,436
8$392,699$14,902-$5,827$220,545$172,154
9$404,480$15,428-$5,342$215,971$188,509
10$416,614$15,971-$4,840$211,083$205,532
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.