12921 SW 281st St
Homestead, FL 33033 · single_family · For Sale · 114 days on market
Asking price$730,000
6 beds 4 baths 3,040 sqft
Suggested offer$632,940$97,060 above the est. market value of $632,940.
View on Realtor.com →Listed by Rogendler Clark · Lifestyle International Realty
Typesingle_family
Built2016
Price / sqft$240
Est. value (own analysis)$632,940
Rent estimate (Zillow ZIP avg)$2,539/mo
HOANone
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Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12016813
Coordinates25.50662, -80.40061
Address12921 SW 281st St
CityHomestead
StateFL
Zip33033
Listing ID6939499012
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 (ZIP avg, ZORI — not bedroom-specific) | $2,539$30,473 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,336$28,035 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,156$13,870 |
| Insurance (placeholder 0.8% of price) | $487$5,840 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $127$1,524 |
| Total operating expenses | $1,769$21,234 |
| 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) | $127$1,524 |
| 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 | 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 |
|---|---|---|---|---|---|---|
| 4182 NE 20th St | single_family | 6 | 4 | 2,980 | $600,000 | 2026-07-30 |
| 14964 SW 305th Ter | single_family | 6 | 3 | 2,640 | $620,000 | 2026-06-23 |
| 3912 NE 20th St | single_family | 6 | 3 | 3,218 | $670,000 | 2026-05-29 |
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 |
|---|---|---|---|---|---|---|
| 4190 NE 20th St | single_family | 6 | 4 | 2,980 | $600,000 | — |
| 3964 NE 15th St | single_family | 6 | 3 | 3,222 | $724,900 | — |
| 2190 SE 2nd St | single_family | 6 | 4 | 3,040 | $600,000 | — |
| 14923 SW 302nd Ter | multi_family | 6 | 4 | 2,230 | $699,999 | — |
10-year hold projection
IRR-4.6%
Equity multiple0.23x
Total return (10yr)-$45,925
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $751,900 | $6,801 | -$39,757 | $577,668 | $174,232 |
| 2 | $774,457 | $7,112 | -$39,485 | $570,901 | $203,556 |
| 3 | $797,691 | $7,434 | -$39,202 | $563,670 | $234,021 |
| 4 | $821,621 | $7,768 | -$38,908 | $555,942 | $265,679 |
| 5 | $846,270 | $8,116 | -$38,601 | $547,684 | $298,586 |
| 6 | $871,658 | $8,476 | -$38,283 | $538,858 | $332,800 |
| 7 | $897,808 | $8,851 | -$37,951 | $529,426 | $368,382 |
| 8 | $924,742 | $9,239 | -$37,607 | $519,347 | $405,396 |
| 9 | $952,484 | $9,643 | -$37,249 | $508,575 | $443,909 |
| 10 | $981,059 | $10,062 | -$36,877 | $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.