1980 SE 23rd Ave
Homestead, FL 33035 · townhomes · For Sale · 56 days on market
Asking price$362,000
3 beds 3 baths 1,932 sqft
Listed by Iris Waugh · Keyes - Homestead
Typetownhomes
Built2006
Price / sqft$187
Est. value (own analysis)$431,995
Rent estimate (own analysis)$2,499/mo
HOA$700/mo
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Statusfor_sale
Listed date2026-07-08
Removed date—
MLSMiamiMLS #A12050458
Coordinates25.45281, -80.44371
Address1980 SE 23rd Ave
CityHomestead
StateFL
Zip33035
Listing ID6464763005
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33035)
Typical home value (ZHVI)$331,237
Typical rent (ZORI)$2,328/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 | $362,000 |
| Down payment (20.0%) | $72,400 |
| Loan amount | $289,600 |
| Closing costs (5.0%) | $18,100 |
| Total cash to close | $90,500 |
| Income | |
| Rent (comp-derived) | $2,499$29,988 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,299$27,589 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $573$6,878 |
| Insurance (placeholder 0.8% of price) | $241$2,896 |
| HOA dues | $700$8,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,499 |
| Total operating expenses | $1,639$19,673 |
| 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) | $125$1,499 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 3 | 2 | 1,302 | $1,950 | 2026-08-07 | — | |
| townhomes | 3 | 3 | 1,442 | $2,400 | 2026-07-20 | — | |
| townhomes | 3 | 3 | 1,302 | $2,100 | 2026-07-08 | — | |
| townhomes | 3 | 3 | 1,331 | $2,450 | 2026-07-21 | — | |
| townhomes | 3 | 3 | 1,452 | $2,200 | 2026-08-14 | — | |
| townhomes | 3 | 3 | 1,452 | $2,750 | 2026-08-28 | — | |
| townhomes | 3 | 3 | 1,452 | $2,000 | 2026-08-24 | — | |
| townhomes | 3 | 3 | 1,423 | $2,200 | 2026-05-14 | — | |
| townhomes | 3 | 3 | 1,302 | $2,250 | 2026-07-18 | — | |
| townhomes | 3 | 3 | 1,423 | $2,200 | 2026-06-12 | — | |
| townhomes | 3 | 3 | 1,483 | $2,450 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,423 | $2,150 | 2026-07-24 | — | |
| townhomes | 3 | 3 | 1,443 | $2,550 | 2026-08-07 | — | |
| townhomes | 3 | 3 | 1,452 | $2,200 | 2026-07-21 | — | |
| townhomes | 3 | 3 | 1,374 | $2,300 | 2026-06-03 | — | |
| townhomes | 3 | 3 | 1,334 | $2,550 | 2026-04-07 | — | |
| townhomes | 3 | 3 | 1,731 | $2,549 | 2026-07-18 | — | |
| townhomes | 3 | 3 | 1,423 | $2,200 | 2026-05-12 | — | |
| townhomes | 3 | 3 | 1,328 | $2,500 | 2026-05-20 | — | |
| townhomes | 3 | 3 | 1,448 | $2,550 | 2026-07-14 | — | |
| townhomes | 3 | 3 | 1,302 | $2,400 | 2026-07-30 | — | |
| townhomes | 3 | 3 | 1,612 | $2,350 | 2026-05-02 | — | |
| townhomes | 3 | 3 | 1,483 | $2,400 | 2026-08-25 | — | |
| townhomes | 3 | 3 | 1,414 | $2,500 | 2026-02-06 | — | |
| townhomes | 3 | 3 | 1,512 | $2,200 | 2026-05-20 | — | |
| townhomes | 3 | 3 | 1,442 | $2,550 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,846 | $2,350 | 2026-07-15 | — | |
| townhomes | 3 | 3 | 1,302 | $2,400 | 2026-06-11 | — | |
| townhomes | 3 | 3 | 1,827 | $2,695 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,393 | $2,450 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,545 | $2,300 | 2026-05-10 | — | |
| townhomes | 3 | 3 | 1,704 | $2,500 | 2026-06-04 | — | |
| townhomes | 3 | 3 | 1,302 | $2,200 | 2026-02-10 | — | |
| townhomes | 3 | 3 | 1,732 | $2,800 | 2026-07-20 | — | |
| townhomes | 3 | 3 | 1,302 | $2,500 | 2026-04-17 | — | |
| townhomes | 3 | 3 | 1,393 | $2,500 | 2026-07-10 | — | |
| townhomes | 3 | 3 | 1,328 | $2,450 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,302 | $2,300 | 2026-08-11 | — | |
| townhomes | 3 | 3 | 1,483 | $2,500 | 2026-08-12 | — | |
| townhomes | 3 | 3 | 1,580 | $2,470 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,328 | $2,450 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,328 | $2,295 | 2026-07-27 | — | |
| townhomes | 3 | 3 | 1,483 | $2,395 | 2026-05-22 | — | |
| townhomes | 3 | 3 | 1,328 | $2,400 | 2026-07-08 | — | |
| townhomes | 3 | 3 | 1,393 | $2,500 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,302 | $2,600 | 2026-08-20 | — | |
| townhomes | 3 | 3 | 1,302 | $2,400 | 2026-06-23 | — | |
| townhomes | 3 | 2 | 1,302 | $2,350 | 2026-08-04 | — | |
| townhomes | 3 | 3 | 1,302 | $2,350 | 2026-04-21 | — | |
| townhomes | 3 | 3 | 1,302 | $2,400 | 2026-04-12 | — | |
| townhomes | 3 | 3 | 1,670 | $2,499 | 2026-07-11 | — | |
| townhomes | 3 | 3 | 1,827 | $2,850 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,331 | $2,700 | 2026-06-08 | — | |
| townhomes | 3 | 3 | 1,393 | $2,400 | 2026-07-09 | — | |
| townhomes | 3 | 3 | 1,854 | $2,650 | 2026-02-10 | — | |
| townhomes | 3 | 3 | 1,545 | $2,500 | 2026-08-03 | — | |
| townhomes | 3 | 3 | 1,612 | $3,000 | 2026-04-25 | — | |
| townhomes | 3 | 3 | 1,331 | $2,500 | 2026-04-01 | — | |
| townhomes | 3 | 3 | 1,612 | $2,600 | 2026-04-27 | — | |
| townhomes | 3 | 3 | 1,695 | $2,900 | 2026-05-26 | — | |
| townhomes | 3 | 3 | 1,442 | $2,650 | 2026-06-18 | — | |
| townhomes | 3 | 3 | 1,302 | $3,000 | 2026-08-10 | — | |
| townhomes | 3 | 3 | 1,331 | $2,600 | 2026-06-23 | — | |
| townhomes | 3 | 3 | 1,431 | $2,643 | 2026-06-17 | — | |
| townhomes | 3 | 3 | 1,442 | $2,800 | 2026-05-11 | — | |
| townhomes | 3 | 3 | 1,328 | $2,600 | 2026-03-19 | — | |
| townhomes | 3 | 3 | 1,483 | $3,250 | 2026-05-18 | — | |
| townhomes | 3 | 3 | 1,334 | $2,700 | 2026-06-10 | — | |
| townhomes | 3 | 3 | 1,334 | $2,700 | 2026-04-18 | — | |
| townhomes | 3 | 3 | 1,331 | $3,200 | 2025-12-04 | — | |
| townhomes | 3 | 2 | 1,321 | $2,500 | 2026-07-20 | — | |
| townhomes | 3 | 3 | 1,695 | $2,850 | 2026-05-04 | — | |
| townhomes | 3 | 2 | 1,302 | $2,450 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2526 SE 25th Dr | townhomes | 3 | 3 | 1,334 | $415,990 | 2026-08-31 |
| 1711 San Remo Cir | townhomes | 3 | 2 | 1,329 | $315,000 | 2026-08-28 |
| 1432 SE 25th Ave | townhomes | 3 | 3 | 1,704 | $339,800 | 2026-08-26 |
| 2592 SE 25th Rd | townhomes | 3 | 3 | 1,334 | $390,340 | 2026-08-24 |
| 2552 SE 25th Rd | townhomes | 3 | 3 | 1,470 | $386,000 | 2026-08-21 |
| 1070 SE 26th Ter | townhomes | 3 | 3 | 1,331 | $315,000 | 2026-08-21 |
| 2632 SE 11th Ct | townhomes | 3 | 3 | 1,331 | $370,000 | 2026-08-17 |
| 1624 SE 24th Ct | townhomes | 3 | 2 | 1,991 | $375,000 | 2026-08-11 |
| 1916 SE 23rd Ave | townhomes | 3 | 3 | 1,932 | $299,999 | 2026-08-10 |
| 2648 SE 12th St | townhomes | 3 | 3 | 1,442 | $355,000 | 2026-07-31 |
| 3070 SE 17th Ave | townhomes | 3 | 2 | 1,518 | $295,000 | 2026-07-31 |
| 2545 SE 25th Dr | townhomes | 3 | 3 | 1,697 | $455,075 | 2026-07-29 |
| 1114 SE 27th Ter | townhomes | 3 | 3 | 1,695 | $355,000 | 2026-07-24 |
| 2747 SE 15th St | townhomes | 3 | 3 | 1,393 | $334,950 | 2026-07-24 |
| 1612 SE 30th St | townhomes | 3 | 3 | 1,509 | $300,000 | 2026-07-23 |
| 1092 SE 23rd Ave | townhomes | 3 | 2 | 1,302 | $304,000 | 2026-07-17 |
| 2622 SE 14th Ave Unit 305 | townhomes | 3 | 3 | 1,302 | $220,000 | 2026-07-10 |
| 1591 SE 31st Ct | townhomes | 3 | 2 | 1,509 | $280,000 | 2026-07-08 |
| 2620 SE 14th Ave Unit 304 | townhomes | 3 | 3 | 1,423 | $239,000 | 2026-07-07 |
| 2432 SE 15th St | townhomes | 3 | 2 | 1,731 | $335,000 | 2026-06-30 |
| 1444 SE 25th Ave | townhomes | 3 | 3 | 1,704 | $375,000 | 2026-06-16 |
| 2626 SE 13th St | townhomes | 3 | 2 | 1,331 | $150,100 | 2026-06-12 |
| 2701 SE 15th St | townhomes | 3 | 3 | 1,328 | $320,000 | 2026-06-11 |
| 9579043564 | townhomes | 3 | 3 | 1,483 | $325,000 | 2026-06-11 |
| 2579 SE 25th Ter | townhomes | 3 | 3 | 1,443 | $399,790 | 2026-06-04 |
| 2623 SE 11th St | townhomes | 3 | 3 | 1,695 | $385,000 | 2026-06-03 |
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 |
|---|---|---|---|---|---|---|
| 2455 SE 23rd Rd | single_family | 3 | 2 | 2,161 | $569,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,334 | $414,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,828 | $458,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,668 | $397,990 | — |
| Palm Dr & 167th Av | townhomes | 3 | 2 | 1,651 | $444,990 | — |
| 2815 SE 16th Ave Unit 102 | condos | 3 | 2 | 1,166 | $189,000 | — |
| 1651 SE 31st Ct | townhomes | 3 | 3 | 1,518 | $305,000 | — |
| 1543 SE 25th St Unit 204 | condos | 3 | 2 | 1,182 | $200,000 | — |
10-year hold projection
IRR-1.6%
Equity multiple0.74x
Total return (10yr)$23,353
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $372,860 | $7,916 | -$15,916 | $286,460 | $86,400 |
| 2 | $384,046 | $8,251 | -$15,618 | $283,105 | $100,941 |
| 3 | $395,567 | $8,600 | -$15,308 | $279,519 | $116,049 |
| 4 | $407,434 | $8,961 | -$14,986 | $275,686 | $131,748 |
| 5 | $419,657 | $9,336 | -$14,652 | $271,591 | $148,066 |
| 6 | $432,247 | $9,725 | -$14,305 | $267,214 | $165,033 |
| 7 | $445,214 | $10,128 | -$13,944 | $262,537 | $182,677 |
| 8 | $458,571 | $10,545 | -$13,569 | $257,539 | $201,032 |
| 9 | $472,328 | $10,979 | -$13,181 | $252,197 | $220,131 |
| 10 | $486,498 | $11,428 | -$12,777 | $246,489 | $240,009 |
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.