61 NE 13th Ave
Homestead, FL 33033 · single_family · For Sale · 28 days on market
Asking price$220,000
2 beds 2 baths 919 sqft
Listed by IRMA GARCIA · Xcellence Realty
Typesingle_family
Built2006
Price / sqft$239
Est. value (own analysis)$271,893
Rent estimate (own analysis)$2,400/mo
HOA$228/mo
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Statusfor_sale
Listed date2026-08-05
Removed date—
MLSMiamiMLS #A12065818
Coordinates25.47158, -80.45926
Address61 NE 13th Ave
CityHomestead
StateFL
Zip33033
Listing ID6457757007
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $220,000 |
| Down payment (20.0%) | $44,000 |
| Loan amount | $176,000 |
| Closing costs (5.0%) | $11,000 |
| Total cash to close | $55,000 |
| 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) | $348$4,180 |
| Insurance (placeholder 0.8% of price) | $147$1,760 |
| HOA dues | $228$2,736 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $843$10,116 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 2 | 926 | $2,000 | 2026-08-03 | — | |
| single_family | 2 | 2 | 1,600 | $2,500 | 2026-08-07 | — | |
| single_family | 2 | 1 | — | $2,300 | — | — | |
| single_family | 2 | 2 | 1,171 | $2,650 | 2026-09-02 | — |
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 |
|---|---|---|---|---|---|---|
| 690 SE 22nd Ln | single_family | 2 | 2 | 1,183 | $350,000 | 2026-08-06 |
| 707 SE 22nd Dr | single_family | 2 | 2 | 1,171 | $280,000 | 2026-07-24 |
| 1570 NE 15th St | single_family | 2 | 1 | 1,072 | $406,000 | 2026-07-10 |
| 15300 Leisure Dr | single_family | 2 | 1 | 1,029 | $485,000 | 2026-07-08 |
| 14463 SW 285th Ter | single_family | 2 | 1 | 1,678 | $490,000 | 2026-06-26 |
| 14810 Lincoln Dr | single_family | 2 | 1 | 1,353 | $335,000 | 2026-06-26 |
| 15445 Garfield Dr | single_family | 2 | 2 | 811 | $390,000 | 2026-05-26 |
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 |
|---|---|---|---|---|---|---|
| 472 SE 22nd Dr | single_family | 2 | 2 | 1,057 | $240,000 | — |
| 2215 SE 7th Pl | single_family | 2 | 2 | 1,171 | $340,000 | — |
| 13264 Old Biscayne Dr Apt 405 | townhomes | 2 | 2 | 898 | $214,500 | — |
| 2929 SE 2nd St Unit 7 | townhomes | 2 | 3 | 1,290 | $240,000 | — |
| 15410 SW 284th St Unit 8301 | condos | 2 | 2 | 900 | $176,000 | — |
| 28501 SW 152nd Ave | mobile | 2 | 2 | 3,832 | $39,900 | — |
| 230 SE 29th Ave Unit 12 | townhomes | 2 | 3 | 1,290 | $215,000 | — |
| 15422 SW 284th St Unit 7306 | condos | 2 | 2 | 895 | $180,000 | — |
10-year hold projection
IRR13.1%
Equity multiple3.03x
Total return (10yr)$140,419
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $226,600 | $16,380 | $1,368 | $174,092 | $52,508 |
| 2 | $233,398 | $16,922 | $1,874 | $172,053 | $61,345 |
| 3 | $240,400 | $17,481 | $2,396 | $169,873 | $70,527 |
| 4 | $247,612 | $18,059 | $2,936 | $167,544 | $80,068 |
| 5 | $255,040 | $18,655 | $3,494 | $165,056 | $89,985 |
| 6 | $262,692 | $19,271 | $4,069 | $162,396 | $100,296 |
| 7 | $270,572 | $19,906 | $4,664 | $159,553 | $111,019 |
| 8 | $278,689 | $20,562 | $5,278 | $156,516 | $122,174 |
| 9 | $287,050 | $21,239 | $5,912 | $153,270 | $133,781 |
| 10 | $295,662 | $21,938 | $6,567 | $149,800 | $145,861 |
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.