219 NE 12th Ave Unit 219
Homestead, FL 33030 · townhomes · For Sale · 28 days on market
Asking price$269,500
3 beds 2 baths 1,167 sqft
Listed by IRMA GARCIA · Xcellence Realty
Typetownhomes
Built1982
Price / sqft$231
Est. value (own analysis)$269,308
Rent estimate (own analysis)$2,200/mo
HOA$190/mo
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Statusfor_sale
Listed date2026-08-05
Removed date—
MLSMiamiMLS #A12066145
Coordinates25.47124, -80.46007
Address219 NE 12th Ave Unit 219
CityHomestead
StateFL
Zip33030
Listing ID6470986417
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 | $269,500 |
| Down payment (20.0%) | $53,900 |
| Loan amount | $215,600 |
| Closing costs (5.0%) | $13,475 |
| Total cash to close | $67,375 |
| Income | |
| Rent (comp-derived) | $2,200$26,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,024$24,288 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $427$5,121 |
| Insurance (placeholder 0.8% of price) | $180$2,156 |
| HOA dues | $190$2,280 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $110$1,320 |
| Total operating expenses | $906$10,877 |
| 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) | $110$1,320 |
| 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 | 1,232 | $1,990 | 2026-08-28 | — | |
| townhomes | 3 | 2 | 1,115 | $2,400 | 2026-08-26 | — | |
| townhomes | 3 | 2 | 1,167 | $2,200 | 2026-08-10 | — |
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 |
|---|---|---|---|---|---|---|
| 761 SE 2nd St | townhomes | 3 | 3 | 1,378 | $318,000 | 2026-08-11 |
| 64 SW 15th Ter | townhomes | 3 | 2 | 1,189 | $340,000 | 2026-08-03 |
| 136 SW 15th Rd | townhomes | 3 | 2 | 1,115 | $200,000 | 2026-07-20 |
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 |
|---|---|---|---|---|---|---|
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,813 | $504,990 | — |
| 18840 SW 314th St | single_family | 3 | 3 | 1,813 | $510,365 | — |
| 18876 SW 314th St | single_family | 3 | 3 | 1,670 | $504,215 | — |
| SW 312 St & 187th Ave | single_family | 3 | 2 | 1,670 | $493,990 | — |
| 31 NW 10th St Unit 1105 | condos | 3 | 3 | 1,209 | $1,461,500 | — |
| 30221 SW 173rd Ave | single_family | 3 | 2 | 1,302 | $546,000 | — |
| 948 NW 9th Ct | single_family | 3 | 2 | 1,858 | $463,000 | — |
| 655 SW 5th St | single_family | 3 | 2 | 1,120 | $375,000 | — |
10-year hold projection
IRR6.1%
Equity multiple1.97x
Total return (10yr)$100,312
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $277,585 | $13,412 | -$4,535 | $213,262 | $64,323 |
| 2 | $285,913 | $13,868 | -$4,111 | $210,764 | $75,148 |
| 3 | $294,490 | $14,340 | -$3,673 | $208,095 | $86,395 |
| 4 | $303,325 | $14,827 | -$3,220 | $205,242 | $98,083 |
| 5 | $312,424 | $15,331 | -$2,752 | $202,193 | $110,231 |
| 6 | $321,797 | $15,851 | -$2,269 | $198,935 | $122,862 |
| 7 | $331,451 | $16,388 | -$1,769 | $195,453 | $135,998 |
| 8 | $341,395 | $16,942 | -$1,253 | $191,732 | $149,663 |
| 9 | $351,636 | $17,515 | -$719 | $187,755 | $163,881 |
| 10 | $362,185 | $18,107 | -$167 | $183,506 | $178,680 |
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.