363 NE 35th Ter

Homestead, FL 33033 · single_family · For Sale · 65 days on market
Asking price$569,999
5 beds 3 baths 2,170 sqft
Suggested offer$477,974$92,025 above the est. market value of $477,974.
View on Realtor.com →
Listed by Veronica A Cordova, PA · Florida Realty Of Miami Corp
Typesingle_family
Built2006
Price / sqft$263
Est. value (own analysis)$477,974
Rent estimate (own analysis)$3,800/mo
HOA$100/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
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Neighborhood

Show every detail
Statusfor_sale
Listed date2026-06-29
Removed date
MLSMiamiMLS #A12044056
Coordinates25.47337, -80.42389
Address363 NE 35th Ter
CityHomestead
StateFL
Zip33033
Listing ID6462377984
Sourceus-real-estate-listings, cached 2026-08-27

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$569,999
Down payment (20.0%)$114,000
Loan amount$455,999
Closing costs (5.0%)$28,500
Total cash to close$142,500
Rent (comp-derived)$3,800$45,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$45,600
Vacancy rate (assumption) assumption8.0%

$45,600 × 8.0% = $3,648

Effective gross income$3,496$41,952
Property tax (placeholder 1.9% of price)$903$10,830
Insurance (est. scaled by flood & wind risk)$836$10,032
HOA dues$100$1,200
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$190$2,280
Total operating expenses$2,029$24,342
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$41,952
Total operating expenses derived$24,342

$41,952 − $24,342 = $17,610

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$455,999
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$455,999 amortized at 6.7% over 30 years = $2,930/mo

CapEx reserve (5.0% of GSR)$190$2,280
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$17,610
Annual debt service derived$35,164
Annual CapEx reserve assumption$2,280
Annual PMI assumption$0

($17,610 − $35,164 − $2,280 − $0) ÷ 12 = -$1,653

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$17,610
Purchase price data$569,999

$17,610 ÷ $569,999 = 3.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$19,834
Total cash to close derived$142,500

-$19,834 ÷ $142,500 = -13.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$17,610
Annual debt service derived$35,164

$17,610 ÷ $35,164 = 0.50

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$45,600
Purchase price data$569,999

($45,600 ÷ 12) ÷ $569,999 = 0.7%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$569,999
Gross scheduled rent (annual) comp$45,600

$569,999 ÷ $45,600 = 12.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,342
Effective gross income derived$41,952

$24,342 ÷ $41,952 = 58.0%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$24,342
Annual debt service derived$35,164
Annual PMI assumption$0
Gross scheduled rent (annual) comp$45,600

($24,342 + $35,164 + $0) ÷ $45,600 = 130.5%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,258$2,9002026-07-08
single_family532,170$3,1002026-08-09
single_family522,063$2,9952026-07-12
single_family542,267$3,7502026-07-21
single_family532,693$3,6002026-07-14
single_family542,048$4,0002026-07-28
single_family542,878$5,0002026-08-25
single_family532,170$3,9492026-06-10
single_family532,504$3,900
single_family532,916$4,0002026-04-08
single_family532,894$3,7002026-06-10
single_family532,894$3,8502026-07-07
single_family522,063$3,195
single_family532,916$4,000
single_family532,894$3,700
single_family532,894$4,0002026-07-01

3432 NE 3rd Dr

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,258
Listed2026-07-08
Days on market

Asking rent: $2,900

View on Zillow →

350 NE 31st Ter

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,170
Listed2026-08-09
Days on market

Asking rent: $3,100

View on Zillow →

3977 NE 11th Dr

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage2,063
Listed2026-07-12
Days on market

Asking rent: $2,995

View on Zillow →

3616 SE 2nd Dr

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,267
Listed2026-07-21
Days on market

Asking rent: $3,750

View on Zillow →

3641 NE 4th St

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,693
Listed2026-07-14
Days on market

Asking rent: $3,600

View on Zillow →

28822 SW 160th Ct Unit 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,048
Listed2026-07-28
Days on market

Asking rent: $4,000

View on Zillow →

113 NE 17th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,878
Listed2026-08-25
Days on market

Asking rent: $5,000

View on Zillow →

363 NE 35th Ter

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,170
Listed2026-06-10
Days on market

Asking rent: $3,949

View on Zillow →

2502 NE 1st St # 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,504
Listed
Days on market

Asking rent: $3,900

View on Zillow →

422 SE 34th Ter Unit 422

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,916
Listed2026-04-08
Days on market

Asking rent: $4,000

View on Zillow →

2434 NE 1st St Unit 2434

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,894
Listed2026-06-10
Days on market

Asking rent: $3,700

View on Zillow →

116 NE 25th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,894
Listed2026-07-07
Days on market

Asking rent: $3,850

View on Zillow →

3955 NE 11th Dr # 3955

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 2 ba
Square footage2,063
Listed
Days on market

Asking rent: $3,195

View on Zillow →

422 SE 34th Ter # 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,916
Listed
Days on market

Asking rent: $4,000

View on Zillow →

2434 NE 1st St # 0

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,894
Listed
Days on market

Asking rent: $3,700

View on Zillow →

24344 NE 1st St

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,894
Listed2026-07-01
Days on market

Asking rent: $4,000

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
159 NE 17th Avesingle_family532,645$664,0002026-08-24
216 NE 36th Tersingle_family542,379$520,0002026-08-21
633 SE 35th Tersingle_family543,196$640,0002026-08-19
175 NE 26th Avesingle_family532,550$660,0002026-08-19
29100 Alabama Rdsingle_family531,660$545,0002026-08-15
589 SE 34th Tersingle_family532,492$530,0002026-08-10
4113 NE 22nd Lnsingle_family532,494$538,5002026-08-04
144 NE 32nd Tersingle_family533,276$630,0002026-07-27
133 NE 23rd Tersingle_family522,504$495,0002026-07-21
15260 SW 308th Stsingle_family531,477$545,0002026-07-15
1884 NE 1st Stsingle_family532,583$634,9002026-07-14
1147 NE 37th Plsingle_family532,726$620,0002026-07-13
13383 SW 285th Stsingle_family533,252$670,0002026-07-01
1517 NE 2nd Ctsingle_family53$637,0002026-06-30
126 NE 27th Tersingle_family521,952$585,0002026-06-29
29925 SW 149th Ctsingle_family532,604$515,0002026-06-29
347 NE 34th Tersingle_family532,170$475,0002026-06-26
3951 NE 13th Drsingle_family532,065$498,0002026-06-26
30365 SW 152nd Ctsingle_family532,656$620,0002026-06-25
1633 NE 2nd Ctsingle_family542,878$685,0002026-06-22
627 SE 34th Avesingle_family522,492$495,0002026-06-10
1636 SE 7th Ctsingle_family532,499$621,0002026-05-29
1661 NE 2nd Ctsingle_family532,645$635,0002026-05-29
177 NE 17th Avesingle_family542,878$671,0002026-05-28
1679 NE 2nd Ctsingle_family542,878$672,0002026-05-28
3455 NE 1st Stsingle_family532,835$620,0002026-05-27
15042 SW 297th Tersingle_family522,270$500,0002026-05-27
148 NE 24th Avesingle_family522,504$515,0002026-05-27
2872 NE 1st Drsingle_family532,536$525,0002026-05-18
415 SE 34th Tersingle_family532,916$599,0002026-05-11

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
3449 NE 2nd Stsingle_family532,514$389,000
3477 SE 3rd Stsingle_family543,196$547,500
28565 SW 158th Ctsingle_family532,832$899,000
1361 NE 42nd Avesingle_family532,753$480,000
125 SE 36th Plsingle_family543,196$675,000
3424 NE 1st Stsingle_family532,835$628,900
16040 SW 283rd Stsingle_family532,963$665,000
4120 NE 22nd Ctsingle_family532,024$490,000

10-year hold projection

IRR0.9%
Equity multiple1.14x
Total return (10yr)$94,945
YearProperty valueNOICash flowLoan balanceEquity
1$587,099$17,610-$19,834$451,055$136,044
2$604,712$18,260-$19,241$445,772$158,940
3$622,853$18,933-$18,627$440,125$182,728
4$641,539$19,628-$17,991$434,091$207,448
5$660,785$20,348-$17,333$427,643$233,142
6$680,609$21,093-$16,651$420,752$259,857
7$701,027$21,864-$15,945$413,387$287,640
8$722,058$22,661-$15,214$405,517$316,541
9$743,719$23,485-$14,457$397,106$346,613
10$766,031$24,338-$13,674$388,118$377,913
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.