31050 SW 193rd Ave
Homestead, FL 33030 · single_family · For Sale · 511 days on market
Asking price$1,550,000
6 beds 5 baths 5,659 sqft
Listed by Alex Ponce · Keyes - Coral Gables
Typesingle_family
Built1992
Price / sqft$274
Est. value (own analysis)$1,889,079
Rent estimate (Zillow ZIP avg)$2,465/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire2/10Minor
1 / 58
Show every detail
Statusfor_sale
Listed date2025-04-09
Removed date—
MLSMiamiMLS #A11780897
Coordinates25.47816, -80.50428
Address31050 SW 193rd Ave
CityHomestead
StateFL
Zip33030
Listing ID6659936730
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 | $1,550,000 |
| Down payment (20.0%) | $310,000 |
| Loan amount | $1,240,000 |
| Closing costs (5.0%) | $77,500 |
| Total cash to close | $387,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,465$29,583 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,268$27,217 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,454$29,450 |
| Insurance (est. scaled by flood & wind risk) | $1,808$21,700 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,479 |
| Total operating expenses | $4,386$52,629 |
| 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) | $123$1,479 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 3 | 3,183 | $3,600 | 2026-06-05 | — |
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 |
|---|---|---|---|---|---|---|
| 2152 NW 16th Ter | single_family | 6 | 4 | 3,820 | $1,125,000 | 2026-05-15 |
| 1651 NW 19th St | single_family | 6 | 3 | 2,282 | $955,000 | 2026-02-25 |
| 31725 SW 213th Ave | single_family | 6 | 5 | 5,497 | $1,835,000 | 2026-02-10 |
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 |
|---|---|---|---|---|---|---|
| 2150 NW 16th Pl | single_family | 6 | 4 | — | $1,299,990 | — |
| 155 SW 16th Ter | single_family | 6 | 3 | 3,450 | $720,000 | — |
| 29215 SW 167th Ct | single_family | 6 | 5 | 3,644 | $1,299,980 | — |
| 1730 NW 21st St | single_family | 6 | 4 | 3,820 | $1,085,000 | — |
| 20255 SW 296th St | single_family | 6 | 3 | 4,771 | $1,099,900 | — |
10-year hold projection
IRR-11.1%
Equity multiple-0.90x
Total return (10yr)-$532,755
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,596,500 | -$25,412 | -$122,514 | $1,226,556 | $369,944 |
| 2 | $1,644,395 | -$25,912 | -$123,051 | $1,212,188 | $432,207 |
| 3 | $1,693,727 | -$26,419 | -$123,596 | $1,196,834 | $496,893 |
| 4 | $1,744,539 | -$26,935 | -$124,151 | $1,180,425 | $564,113 |
| 5 | $1,796,875 | -$27,460 | -$124,716 | $1,162,890 | $633,985 |
| 6 | $1,850,781 | -$27,993 | -$125,290 | $1,144,151 | $706,631 |
| 7 | $1,906,304 | -$28,536 | -$125,874 | $1,124,124 | $782,180 |
| 8 | $1,963,494 | -$29,086 | -$126,468 | $1,102,723 | $860,771 |
| 9 | $2,022,398 | -$29,646 | -$127,071 | $1,079,851 | $942,547 |
| 10 | $2,083,070 | -$30,215 | -$127,685 | $1,055,409 | $1,027,661 |
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.