589 SE 35th Ter
Homestead, FL 33033 · single_family · For Sale · 35 days on market
Asking price$730,000
5 beds 4 baths 3,696 sqft
Listed by Jose Pineda · Real Estate Empire Group, Inc.
Typesingle_family
Built2016
Price / sqft$198
Est. value (own analysis)$814,097
Rent estimate (own analysis)$4,000/mo
HOA$215/mo
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Statusfor_sale
Listed date2026-07-29
Removed date—
MLSMiamiMLS #A12058341
Coordinates25.46450, -80.42436
Address589 SE 35th Ter
CityHomestead
StateFL
Zip33033
Listing ID6542038627
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 | $730,000 |
| Down payment (20.0%) | $146,000 |
| Loan amount | $584,000 |
| Closing costs (5.0%) | $36,500 |
| Total cash to close | $182,500 |
| Income | |
| Rent (comp-derived) | $4,000$48,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,680$44,160 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,156$13,870 |
| Insurance (placeholder 0.8% of price) | $487$5,840 |
| HOA dues | $215$2,580 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,400 |
| Total operating expenses | $2,058$24,690 |
| 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) | $200$2,400 |
| 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 | 5 | 4 | 3,196 | $5,000 | 2026-08-27 | — | |
| single_family | 5 | 3 | 3,129 | $5,000 | 2026-08-22 | — | |
| single_family | 5 | 3 | 3,218 | $4,975 | 2026-08-24 | — | |
| single_family | 5 | 3 | 2,693 | $3,600 | 2026-07-14 | — | |
| single_family | 5 | 4 | 2,878 | $5,000 | 2026-08-25 | — | |
| single_family | 5 | 4 | 3,196 | $3,990 | 2026-08-23 | — | |
| single_family | 5 | 3 | 2,504 | $3,900 | — | — | |
| single_family | 5 | 3 | 2,916 | $4,000 | 2026-04-08 | — | |
| single_family | 5 | 3 | 2,894 | $3,700 | 2026-06-10 | — | |
| single_family | 5 | 3 | 2,894 | $3,850 | 2026-07-07 | — | |
| single_family | 5 | 3 | 2,916 | $4,000 | — | — | |
| single_family | 5 | 3 | 2,894 | $3,700 | — | — | |
| single_family | 5 | 3 | 3,080 | $4,500 | — | — | |
| single_family | 5 | 3 | 2,894 | $4,000 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 159 NE 17th Ave | single_family | 5 | 3 | 2,645 | $664,000 | 2026-08-24 |
| 216 NE 36th Ter | single_family | 5 | 4 | 2,379 | $520,000 | 2026-08-21 |
| 633 SE 35th Ter | single_family | 5 | 4 | 3,196 | $640,000 | 2026-08-19 |
| 175 NE 26th Ave | single_family | 5 | 3 | 2,550 | $660,000 | 2026-08-19 |
| 29100 Alabama Rd | single_family | 5 | 3 | 1,660 | $545,000 | 2026-08-15 |
| 589 SE 34th Ter | single_family | 5 | 3 | 2,492 | $530,000 | 2026-08-10 |
| 4113 NE 22nd Ln | single_family | 5 | 3 | 2,494 | $538,500 | 2026-08-04 |
| 144 NE 32nd Ter | single_family | 5 | 3 | 3,276 | $630,000 | 2026-07-27 |
| 133 NE 23rd Ter | single_family | 5 | 2 | 2,504 | $495,000 | 2026-07-21 |
| 15260 SW 308th St | single_family | 5 | 3 | 1,477 | $545,000 | 2026-07-15 |
| 1884 NE 1st St | single_family | 5 | 3 | 2,583 | $634,900 | 2026-07-14 |
| 1147 NE 37th Pl | single_family | 5 | 3 | 2,726 | $620,000 | 2026-07-13 |
| 13383 SW 285th St | single_family | 5 | 3 | 3,252 | $670,000 | 2026-07-01 |
| 1517 NE 2nd Ct | single_family | 5 | 3 | — | $637,000 | 2026-06-30 |
| 126 NE 27th Ter | single_family | 5 | 2 | 1,952 | $585,000 | 2026-06-29 |
| 29925 SW 149th Ct | single_family | 5 | 3 | 2,604 | $515,000 | 2026-06-29 |
| 347 NE 34th Ter | single_family | 5 | 3 | 2,170 | $475,000 | 2026-06-26 |
| 3951 NE 13th Dr | single_family | 5 | 3 | 2,065 | $498,000 | 2026-06-26 |
| 30365 SW 152nd Ct | single_family | 5 | 3 | 2,656 | $620,000 | 2026-06-25 |
| 1633 NE 2nd Ct | single_family | 5 | 4 | 2,878 | $685,000 | 2026-06-22 |
| 627 SE 34th Ave | single_family | 5 | 2 | 2,492 | $495,000 | 2026-06-10 |
| 1636 SE 7th Ct | single_family | 5 | 3 | 2,499 | $621,000 | 2026-05-29 |
| 1661 NE 2nd Ct | single_family | 5 | 3 | 2,645 | $635,000 | 2026-05-29 |
| 177 NE 17th Ave | single_family | 5 | 4 | 2,878 | $671,000 | 2026-05-28 |
| 1679 NE 2nd Ct | single_family | 5 | 4 | 2,878 | $672,000 | 2026-05-28 |
| 3455 NE 1st St | single_family | 5 | 3 | 2,835 | $620,000 | 2026-05-27 |
| 15042 SW 297th Ter | single_family | 5 | 2 | 2,270 | $500,000 | 2026-05-27 |
| 148 NE 24th Ave | single_family | 5 | 2 | 2,504 | $515,000 | 2026-05-27 |
| 2872 NE 1st Dr | single_family | 5 | 3 | 2,536 | $525,000 | 2026-05-18 |
| 415 SE 34th Ter | single_family | 5 | 3 | 2,916 | $599,000 | 2026-05-11 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 3449 NE 2nd St | single_family | 5 | 3 | 2,514 | $389,000 | — |
| 3477 SE 3rd St | single_family | 5 | 4 | 3,196 | $547,500 | — |
| 28565 SW 158th Ct | single_family | 5 | 3 | 2,832 | $899,000 | — |
| 1361 NE 42nd Ave | single_family | 5 | 3 | 2,753 | $480,000 | — |
| 125 SE 36th Pl | single_family | 5 | 4 | 3,196 | $675,000 | — |
| 3424 NE 1st St | single_family | 5 | 3 | 2,835 | $628,900 | — |
| 16040 SW 283rd St | single_family | 5 | 3 | 2,963 | $665,000 | — |
| 4120 NE 22nd Ct | single_family | 5 | 3 | 2,024 | $490,000 | — |
10-year hold projection
IRR-0.2%
Equity multiple0.97x
Total return (10yr)$90,388
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $751,900 | $19,470 | -$27,965 | $577,668 | $174,232 |
| 2 | $774,457 | $20,178 | -$27,318 | $570,901 | $203,556 |
| 3 | $797,691 | $20,909 | -$26,647 | $563,670 | $234,021 |
| 4 | $821,621 | $21,666 | -$25,953 | $555,942 | $265,679 |
| 5 | $846,270 | $22,449 | -$25,235 | $547,684 | $298,586 |
| 6 | $871,658 | $23,259 | -$24,492 | $538,858 | $332,800 |
| 7 | $897,808 | $24,097 | -$23,722 | $529,426 | $368,382 |
| 8 | $924,742 | $24,963 | -$22,926 | $519,347 | $405,396 |
| 9 | $952,484 | $25,858 | -$22,101 | $508,575 | $443,909 |
| 10 | $981,059 | $26,784 | -$21,248 | $497,064 | $483,995 |
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.