174 SE 35th Ave

Homestead, FL 33033 · single_family · For Sale · 79 days on market
Asking price$660,000
5 beds 4 baths 3,696 sqft
View on Realtor.com →
Listed by Cinthia Rai · Keyes - Homestead
Typesingle_family
Built2016
Price / sqft$179
Est. value (own analysis)$814,097
Rent estimate (own analysis)$4,000/mo
HOA$204/mo
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Neighborhood

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Statusfor_sale
Listed date2026-06-16
Removed date
MLSMiamiMLS #A12037534
Coordinates25.46888, -80.42477
Address174 SE 35th Ave
CityHomestead
StateFL
Zip33033
Listing ID6549044624
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)

Purchase price$660,000
Down payment (20.0%)$132,000
Loan amount$528,000
Closing costs (5.0%)$33,000
Total cash to close$165,000
Rent (comp-derived)$4,000$48,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$48,000
Vacancy rate (assumption) assumption8.0%

$48,000 × 8.0% = $3,840

Effective gross income$3,680$44,160
Property tax (placeholder 1.9% of price)$1,045$12,540
Insurance (placeholder 0.8% of price)$440$5,280
HOA dues$204$2,448
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$200$2,400
Total operating expenses$1,889$22,668
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$44,160
Total operating expenses derived$22,668

$44,160 − $22,668 = $21,492

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$528,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$528,000 amortized at 6.7% over 30 years = $3,393/mo

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

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$21,492
Annual debt service derived$40,717
Annual CapEx reserve assumption$2,400
Annual PMI assumption$0

($21,492 − $40,717 − $2,400 − $0) ÷ 12 = -$1,802

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,492
Purchase price data$660,000

$21,492 ÷ $660,000 = 3.3%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$21,625
Total cash to close derived$165,000

-$21,625 ÷ $165,000 = -13.1%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,492
Annual debt service derived$40,717

$21,492 ÷ $40,717 = 0.53

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$48,000
Purchase price data$660,000

($48,000 ÷ 12) ÷ $660,000 = 0.6%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$660,000
Gross scheduled rent (annual) comp$48,000

$660,000 ÷ $48,000 = 13.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$22,668
Effective gross income derived$44,160

$22,668 ÷ $44,160 = 51.3%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$22,668
Annual debt service derived$40,717
Annual PMI assumption$0
Gross scheduled rent (annual) comp$48,000

($22,668 + $40,717 + $0) ÷ $48,000 = 132.1%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family543,196$5,0002026-08-27
single_family533,129$5,0002026-08-22
single_family533,218$4,9752026-08-24
single_family532,693$3,6002026-07-14
single_family542,878$5,0002026-08-25
single_family543,196$3,9902026-08-23
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_family532,916$4,000
single_family532,894$3,700
single_family533,080$4,500
single_family532,894$4,0002026-07-01

221 SE 35th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,196
Listed2026-08-27
Days on market

Asking rent: $5,000

View on Zillow →

1934 NE 3rd Ct

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,129
Listed2026-08-22
Days on market

Asking rent: $5,000

View on Zillow →

2105 NE 38th Rd

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,218
Listed2026-08-24
Days on market

Asking rent: $4,975

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 →

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 →

191 SE 35th Ave

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,196
Listed2026-08-23
Days on market

Asking rent: $3,990

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 →

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 →

2256 SE 2nd St

Homestead, 33033 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage3,080
Listed
Days on market

Asking rent: $4,500

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

IRR1.4%
Equity multiple1.23x
Total return (10yr)$123,815
YearProperty valueNOICash flowLoan balanceEquity
1$679,800$21,492-$21,625$522,275$157,525
2$700,194$22,250-$20,927$516,157$184,037
3$721,200$23,034-$20,205$509,620$211,580
4$742,836$23,844-$19,458$502,633$240,203
5$765,121$24,681-$18,685$495,166$269,955
6$788,075$25,547-$17,885$487,186$300,888
7$811,717$26,441-$17,059$478,659$333,058
8$836,068$27,366-$16,204$469,546$366,522
9$861,150$28,322-$15,319$459,807$401,343
10$886,985$29,310-$14,405$449,400$437,585
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.