3964 NE 15th St
Homestead, FL 33033 · single_family · Pending — under contract · 30 days on market
Asking price$724,900
6 beds 3 baths 3,222 sqft
Suggested offer$670,833$54,067 above the est. market value of $670,833.
View on Realtor.com →Listed by Steven K. · beycome.com
Typesingle_family
Built2005
Price / sqft$225
Est. value (own analysis)$670,833
Rent estimate (Zillow ZIP avg)$2,539/mo
HOA$192/mo
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Statusfor_sale
Listed date2026-08-03
Removed date—
MLSMiamiMLS #A12064223
Coordinates25.48484, -80.41858
Address3964 NE 15th St
CityHomestead
StateFL
Zip33033
Listing ID6945945654
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 | $724,900 |
| Down payment (20.0%) | $144,980 |
| Loan amount | $579,920 |
| Closing costs (5.0%) | $36,245 |
| Total cash to close | $181,225 |
| 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) | $1,148$13,773 |
| Insurance (placeholder 0.8% of price) | $483$5,799 |
| HOA dues | $192$2,304 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $127$1,524 |
| Total operating expenses | $1,950$23,400 |
| 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 | — |
| 2190 SE 2nd St | single_family | 6 | 4 | 3,040 | $600,000 | — |
| 14923 SW 302nd Ter | multi_family | 6 | 4 | 2,230 | $699,999 | — |
| 12921 SW 281st St | single_family | 6 | 4 | 3,040 | $730,000 | — |
10-year hold projection
IRR-5.4%
Equity multiple0.09x
Total return (10yr)-$69,410
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $746,647 | $4,635 | -$41,609 | $573,632 | $173,015 |
| 2 | $769,046 | $4,891 | -$41,391 | $566,913 | $202,133 |
| 3 | $792,118 | $5,158 | -$41,164 | $559,732 | $232,386 |
| 4 | $815,881 | $5,436 | -$40,926 | $552,058 | $263,823 |
| 5 | $840,358 | $5,725 | -$40,678 | $543,857 | $296,500 |
| 6 | $865,569 | $6,025 | -$40,419 | $535,093 | $330,475 |
| 7 | $891,536 | $6,339 | -$40,149 | $525,728 | $365,808 |
| 8 | $918,282 | $6,664 | -$39,867 | $515,718 | $402,563 |
| 9 | $945,830 | $7,003 | -$39,574 | $505,022 | $440,808 |
| 10 | $974,205 | $7,356 | -$39,267 | $493,591 | $480,614 |
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.