2920 SE 12th Rd Unit 203-30
Homestead, FL 33035 · condos · For Sale · 63 days on market
Asking price$199,990
2 beds 2 baths 815 sqft
Suggested offer$162,603$37,387 above the est. market value of $162,603.
View on Realtor.com →Listed by Jollymar Babikian Tahan · Avenew Realty Corp
Typecondos
Built2004
Price / sqft$245
Est. value (own analysis)$162,603
Rent estimate (own analysis)$1,800/mo
HOA$280/mo
1 / 24
Show every detail
Statusfor_sale
Listed date2026-07-01
Removed date—
MLSMiamiMLS #A12041862
Coordinates25.44213, -80.45940
Address2920 SE 12th Rd Unit 203-30
CityHomestead
StateFL
Zip33035
Listing ID6855177466
Sourceus-real-estate-listings, cached 2026-08-27
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 | $199,990 |
| Down payment (20.0%) | $39,998 |
| Loan amount | $159,992 |
| Closing costs (5.0%) | $10,000 |
| Total cash to close | $49,998 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $317$3,800 |
| Insurance (placeholder 0.8% of price) | $133$1,600 |
| HOA dues | $280$3,360 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $820$9,840 |
| 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) | $90$1,080 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 2 | 2 | 815 | $1,600 | 2026-02-11 | — | |
| condos | 2 | 2 | 815 | $1,600 | 2026-07-08 | — | |
| condos | 2 | 2 | 822 | $1,653 | 2026-01-24 | — | |
| condos | 2 | 2 | 1,070 | $1,800 | 2026-05-19 | — | |
| condos | 2 | 2 | 815 | $1,590 | 2026-07-31 | — | |
| condos | 2 | 2 | 822 | $1,600 | 2026-06-28 | — | |
| condos | 2 | 2 | 815 | $1,750 | 2026-08-24 | — | |
| condos | 2 | 2 | 815 | $1,800 | 2026-06-24 | — | |
| condos | 2 | 2 | 815 | $1,600 | 2026-03-03 | — | |
| condos | 2 | 3 | 1,065 | $1,850 | 2026-07-24 | — | |
| condos | 2 | 2 | 930 | $2,000 | — | — | |
| apartment | 2 | 2 | 815 | $1,800 | 2026-08-05 | — | |
| condos | 2 | 2 | 815 | $1,650 | 2026-05-27 | — | |
| condos | 2 | 2 | 822 | $1,700 | 2026-08-13 | — | |
| condos | 2 | 2 | 815 | $1,700 | 2026-08-18 | — | |
| condos | 2 | 2 | 815 | $1,750 | 2026-05-11 | — | |
| condos | 2 | 2 | 822 | $1,800 | 2026-07-27 | — | |
| condos | 2 | 2 | 815 | $1,800 | 2026-08-18 | — | |
| apartment | 2 | 2 | 1,070 | $2,100 | 2026-08-12 | — | |
| condos | 2 | 2 | 815 | $1,800 | 2026-05-19 | — | |
| condos | 2 | 2 | 822 | $1,800 | 2026-06-12 | — | |
| condos | 2 | 2 | 815 | $1,750 | 2026-06-17 | — | |
| condos | 2 | 2 | 930 | $1,850 | 2026-07-30 | — | |
| condos | 2 | 2 | 815 | $1,790 | 2026-06-17 | — | |
| condos | 2 | 2 | 815 | $1,900 | 2026-08-13 | — | |
| condos | 2 | 2 | 815 | $1,700 | 2026-06-23 | — | |
| condos | 2 | 2 | 1,070 | $2,100 | 2026-07-29 | — | |
| condos | 2 | 2 | 1,070 | $1,975 | 2026-05-23 | — | |
| condos | 2 | 2 | 822 | $1,900 | 2026-07-07 | — | |
| condos | 2 | 2 | 815 | $1,800 | 2026-08-11 | — | |
| condos | 2 | 2 | 815 | $1,900 | 2026-08-04 | — | |
| apartment | 2 | 2 | 914 | $2,000 | 2026-08-12 | — | |
| condos | 2 | 2 | 815 | $1,900 | 2026-06-20 | — | |
| condos | 2 | 2 | 822 | $1,625 | 2026-04-02 | — | |
| condos | 2 | 2 | 815 | $1,700 | 2026-05-28 | — | |
| condos | 2 | 2 | 1,070 | $2,200 | — | — | |
| condos | 2 | 2 | 815 | $1,700 | — | — | |
| condos | 2 | 2 | 815 | $1,800 | — | — | |
| condos | 2 | 2 | 903 | $1,800 | — | — | |
| condos | 2 | 2 | 830 | $1,800 | 2024-04-25 | — | |
| condos | 2 | 2 | 822 | $1,750 | 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 |
|---|---|---|---|---|---|---|
| 2911 SE 13th Ave Unit 102-49 | condos | 2 | 2 | 822 | $175,000 | 2026-08-21 |
| 2524 SE 19th Pl Unit 204B | condos | 2 | 2 | 1,160 | $180,000 | 2026-07-29 |
| 2920 SE 13th Ave Unit 203-51 | condos | 2 | 2 | 815 | $166,000 | 2026-07-17 |
| 2314 SE 24th Ave Unit 2314 | condos | 2 | 3 | 1,370 | $235,000 | 2026-07-17 |
| 2731 SE 17th Ave Unit 207 | condos | 2 | 2 | 930 | $155,000 | 2026-06-22 |
| 2731 SE 17th Ave Unit 107 | condos | 2 | 2 | 914 | $182,500 | 2026-06-15 |
| 2721 SE 12th Pl Unit 102 | condos | 2 | 2 | 822 | $208,000 | 2026-05-28 |
| 2008 SE 26th Ln Unit 204 | condos | 2 | 2 | 1,160 | $180,000 | 2026-05-27 |
| 2512 SE 19th Pl Unit 206A | condos | 2 | 2 | 1,160 | $195,000 | 2026-04-30 |
| 1261 SE 31st Ct Unit 102 | condos | 2 | 2 | 822 | $164,000 | 2026-04-13 |
| 2921 SE 13th Ave Unit 202-48 | condos | 2 | 2 | 815 | $185,000 | 2026-04-07 |
| 2657 SE 19th Ct Unit 103E | condos | 2 | 2 | 1,070 | $180,000 | 2026-04-01 |
| 2311 SE 24th Ave Unit 2311 | condos | 2 | 3 | 1,370 | $225,000 | 2026-03-13 |
| 2629 SE 19th Ct Unit 103C | condos | 2 | 2 | 1,070 | $185,000 | 2026-02-12 |
| 1663 SE 27th Dr Unit 105 | condos | 2 | 2 | 914 | $185,000 | 2026-01-08 |
| 2647 SE 21st Ct Unit 104D | condos | 2 | 2 | 1,070 | $186,000 | 2025-12-30 |
| 2921 SE 13th Ave Unit 104-48 | condos | 2 | 2 | 822 | $164,000 | 2025-12-22 |
| 2621 SE 12th Rd Unit 204 | condos | 2 | 2 | 815 | $177,500 | 2025-12-05 |
| 2508 SE 19th Pl Unit 204A | condos | 2 | 2 | 1,160 | $199,000 | 2025-11-07 |
| 2911 SE 13th Ave Unit 205-49 | condos | 2 | 2 | 815 | $180,000 | 2025-10-31 |
| 2651 SE 12th Rd Unit 203 | condos | 2 | 2 | 815 | $177,500 | 2025-09-26 |
| 1271 SE 27th St Unit 204 | condos | 2 | 2 | 815 | $180,000 | 2025-09-26 |
| 2621 SE 12th Rd Unit 203 | condos | 2 | 2 | 815 | $177,500 | 2025-09-26 |
| 2212 SE 27th Dr Unit 201B | condos | 2 | 2 | 1,040 | $177,000 | 2025-09-22 |
| 2643 SE 19th Ct Unit 103D | condos | 2 | 2 | 1,070 | $180,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 2931 SE 12th Rd Unit 205-55 | condos | 2 | 2 | 815 | $175,900 | — |
| 1260 SE 31st Ct Unit 105-34 | condos | 2 | 2 | 822 | $179,000 | — |
| 2604 SE 19th Ct Unit 202A | condos | 2 | 2 | 1,040 | $180,000 | — |
| 2651 SE 12th Rd Unit 105 | condos | 2 | 2 | 822 | $199,000 | — |
| 1617 SE 30th St | townhomes | 2 | 3 | 1,166 | $220,000 | — |
| 2910 SE 13th Rd Unit 105-44 | condos | 2 | 2 | 822 | $205,000 | — |
| 1512 SE 31st Ct Unit 1512 | townhomes | 2 | 3 | 1,166 | $275,000 | — |
| 1271 SE 28th Ct Unit 105 | condos | 2 | 2 | 822 | $199,900 | — |
10-year hold projection
IRR6.1%
Equity multiple1.97x
Total return (10yr)$74,691
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $205,990 | $10,032 | -$3,386 | $158,257 | $47,732 |
| 2 | $212,169 | $10,382 | -$3,062 | $156,404 | $55,766 |
| 3 | $218,534 | $10,744 | -$2,728 | $154,423 | $64,112 |
| 4 | $225,091 | $11,118 | -$2,382 | $152,305 | $72,785 |
| 5 | $231,843 | $11,505 | -$2,025 | $150,043 | $81,800 |
| 6 | $238,799 | $11,904 | -$1,655 | $147,625 | $91,173 |
| 7 | $245,962 | $12,317 | -$1,273 | $145,041 | $100,921 |
| 8 | $253,341 | $12,744 | -$878 | $142,280 | $111,061 |
| 9 | $260,942 | $13,185 | -$469 | $139,329 | $121,613 |
| 10 | $268,770 | $13,640 | -$47 | $136,175 | $132,595 |
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.