203 NE 12th Ave Unit 203
Homestead, FL 33030 · condos · For Sale · 131 days on market
Asking price$245,000
2 beds 2 baths 1,084 sqft
Listed by Barbara Lopez · Toth Real Estate Group
Typecondos
Built1982
Price / sqft$226
Est. value (Zillow ZIP avg)$521,479
Rent estimate (own analysis)$1,800/mo
HOA$190/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Wildfire3/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-04-24
Removed date—
MLSMiamiMLS #A12007202
Coordinates25.47124, -80.46007
Address203 NE 12th Ave Unit 203
CityHomestead
StateFL
Zip33030
Listing ID6458688656
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33030)
Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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 | $245,000 |
| Down payment (20.0%) | $49,000 |
| Loan amount | $196,000 |
| Closing costs (5.0%) | $12,250 |
| Total cash to close | $61,250 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $388$4,655 |
| Insurance (est. scaled by flood & wind risk) | $319$3,822 |
| HOA dues | $190$2,280 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $986$11,837 |
| 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) | $90$1,080 |
| 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 | 1 | 650 | $1,800 | 2026-08-24 | — | |
| apartment | 2 | 1 | 1,320 | $1,650 | 2026-06-22 | — | |
| apartment | 2 | 1 | 1,536 | $1,800 | 2026-08-20 | — | |
| apartment | 2 | 1 | 3,980 | $1,500 | 2026-07-10 | — | |
| condos | 2 | 1 | 2,936 | $1,750 | 2026-07-17 | — | |
| apartment | 2 | 1 | — | $1,800 | 2026-06-10 | — | |
| apartment | 2 | 1 | 3,907 | $1,800 | 2026-08-21 | — | |
| apartment | 2 | 1 | 4,732 | $1,950 | 2026-07-29 | — | |
| apartment | 2 | 1 | 431 | $1,700 | 2026-08-07 | — | |
| apartment | 2 | 1 | 4,732 | $1,950 | 2026-07-29 | — | |
| apartment | 2 | 1 | 431 | $1,700 | 2026-08-07 | — | |
| apartment | 2 | 1 | 635 | $2,450 | 2026-08-17 | — | |
| apartment | 2 | 1 | 750 | $1,200 | 2024-08-23 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 722 SW 3rd Ave | single_family | 2 | 1 | 600 | $225,000 | — |
| 536 SW 6th Ter | multi_family | 2 | 2 | 900 | $375,000 | — |
| 100 SE 6th Ave | mobile | 2 | 1 | — | $49,000 | — |
| 21025 SW 300th St | single_family | 2 | 1 | 1,946 | $1,200,000 | — |
| 451 SE 8th St Lot 56 | mobile | 2 | 1 | — | $65,000 | — |
| 1238 Old Dixie Hwy | single_family | 2 | 1 | 720 | $399,900 | — |
| 265 NE 12th Ave Unit 265 | condos | 2 | 2 | 1,084 | $210,000 | — |
| 515 SW 3rd Ave | multi_family | 2 | 1 | 2,414 | $1,000,090 | — |
10-year hold projection
IRR1.3%
Equity multiple1.22x
Total return (10yr)$45,387
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $252,350 | $8,035 | -$8,160 | $193,875 | $58,475 |
| 2 | $259,921 | $8,335 | -$7,886 | $191,604 | $68,317 |
| 3 | $267,718 | $8,646 | -$7,603 | $189,177 | $78,541 |
| 4 | $275,750 | $8,968 | -$7,310 | $186,583 | $89,166 |
| 5 | $284,022 | $9,300 | -$7,006 | $183,812 | $100,211 |
| 6 | $292,543 | $9,645 | -$6,692 | $180,849 | $111,693 |
| 7 | $301,319 | $10,001 | -$6,366 | $177,684 | $123,635 |
| 8 | $310,359 | $10,370 | -$6,029 | $174,301 | $136,058 |
| 9 | $319,669 | $10,751 | -$5,679 | $170,686 | $148,983 |
| 10 | $329,260 | $11,146 | -$5,318 | $166,823 | $162,437 |
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.