1270 SE 31st Ct Unit 201-35
Homestead, FL 33035 · condos · Pending — under contract · 77 days on market
Asking price$209,900
3 beds 2 baths 1,024 sqft
Suggested offer$193,475$16,425 above the est. market value of $193,475.
View on Realtor.com →Listed by LAWRENCE SALAS · Bestway Realty Sales, Llc
Typecondos
Built2004
Price / sqft$205
Est. value (own analysis)$193,475
Rent estimate (own analysis)$2,000/mo
HOA$335/mo
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Statusfor_sale
Listed date2026-06-18
Removed date—
MLSMiamiMLS #A12039239
Coordinates25.44176, -80.45771
Address1270 SE 31st Ct Unit 201-35
CityHomestead
StateFL
Zip33035
Listing ID6970366494
Sourceus-real-estate-listings, cached 2026-08-28
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 | $209,900 |
| Down payment (20.0%) | $41,980 |
| Loan amount | $167,920 |
| Closing costs (5.0%) | $10,495 |
| Total cash to close | $52,475 |
| Income | |
| Rent (comp-derived) | $2,000$24,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,840$22,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $332$3,988 |
| Insurance (placeholder 0.8% of price) | $140$1,679 |
| HOA dues | $335$4,020 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $100$1,200 |
| Total operating expenses | $907$10,887 |
| 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) | $100$1,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,302 | $2,400 | 2026-04-26 | — | |
| condos | 3 | 2 | 1,099 | $1,800 | 2026-09-02 | — | |
| apartment | 3 | 2 | 1,099 | $1,850 | 2026-05-22 | — | |
| condos | 3 | 2 | 1,076 | $1,775 | 2026-07-23 | — | |
| condos | 3 | 2 | 1,060 | $1,850 | 2026-07-02 | — | |
| condos | 3 | 3 | 1,302 | $2,000 | 2026-03-21 | — | |
| condos | 3 | 2 | 1,182 | $1,790 | 2026-06-11 | — | |
| condos | 3 | 2 | 1,024 | $1,850 | 2026-06-23 | — | |
| apartment | 3 | 2 | 1,166 | $2,000 | 2025-02-02 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-08-11 | — | |
| condos | 3 | 2 | 1,024 | $2,000 | 2026-05-03 | — | |
| condos | 3 | 2 | 1,099 | $2,100 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,182 | $1,900 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,099 | $2,300 | 2026-06-23 | — | |
| condos | 3 | 2 | 1,182 | $1,950 | 2026-07-17 | — | |
| apartment | 3 | 2 | 1,182 | $1,800 | 2026-06-26 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-06-02 | — | |
| condos | 3 | 2 | 1,060 | $1,900 | 2026-07-15 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-06-18 | — | |
| condos | 3 | 2 | 1,182 | $1,900 | 2026-07-10 | — | |
| condos | 3 | 2 | 1,099 | $2,175 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,182 | $2,000 | 2026-04-14 | — | |
| condos | 3 | 2 | 1,166 | $2,000 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,024 | $2,000 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,060 | $1,900 | 2026-06-29 | — | |
| condos | 3 | 2 | 1,166 | $2,050 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,060 | $2,000 | 2026-07-10 | — | |
| condos | 3 | 2 | 1,182 | $2,000 | 2026-06-27 | — | |
| condos | 3 | 2 | 1,076 | $2,000 | 2026-04-24 | — | |
| condos | 3 | 2 | 1,182 | $2,300 | 2026-08-05 | — | |
| condos | 3 | 2 | 1,166 | $2,000 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,220 | $2,200 | 2026-03-12 | — | |
| condos | 3 | 2 | 1,166 | $2,300 | 2026-08-04 | — | |
| condos | 3 | 2 | 1,166 | $2,200 | 2026-06-08 | — | |
| condos | 3 | 2 | 1,076 | $2,600 | 2026-06-24 | — | |
| condos | 3 | 2 | 1,125 | $2,400 | 2026-05-20 | — | |
| condos | 3 | 3 | 1,328 | $2,500 | 2026-03-16 | — | |
| condos | 3 | 2 | 1,076 | $2,000 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,099 | $2,100 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,099 | $2,200 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 2359 SE 23rd Dr Unit 2359 | condos | 3 | 3 | 1,458 | $200,000 | 2026-08-28 |
| 2826 SE 16th Pl Unit 103 | condos | 3 | 2 | 1,060 | $174,000 | 2026-08-14 |
| 1301 SE 28th Ln Unit 206-42 | condos | 3 | 2 | 1,024 | $199,900 | 2026-08-12 |
| 2324 SE 23rd Rd Unit 2324 | condos | 3 | 3 | 1,519 | $205,000 | 2026-08-03 |
| 2551 SE 16th Ter Unit 101 | condos | 3 | 2 | 1,166 | $227,000 | 2026-07-31 |
| 2911 SE 13th Ave Unit 101-49 | condos | 3 | 2 | 1,099 | $218,000 | 2026-07-09 |
| 1905 San Remo Cir | condo_townhome_rowhome_coop | 3 | 2 | 1,125 | $320,000 | 2026-04-28 |
| 1658 SE 28th Ct Unit 200 | condos | 3 | 2 | 1,076 | $205,000 | 2026-04-24 |
| 1658 SE 28th Ct Unit 101 | condos | 3 | 2 | 1,166 | $210,000 | 2026-04-15 |
| 1251 SE 29th St Unit 201-26 | condos | 3 | 2 | 1,024 | $195,000 | 2026-03-30 |
| 2049 SE 26th Ln Unit 106 | condos | 3 | 2 | 1,220 | $195,000 | 2026-01-08 |
| 1652 SE 28th St Unit 205 | condos | 3 | 2 | 1,076 | $239,000 | 2025-12-12 |
| 2903 SE 17th Ave Unit 102 | condos | 3 | 2 | 1,166 | $232,500 | 2025-12-11 |
| 1662 SE 27th Dr Unit 202 | condos | 3 | 2 | 1,182 | $185,000 | 2025-12-05 |
| 1270 SE 31st Ct Unit 101-35 | condos | 3 | 2 | 1,099 | $206,000 | 2025-11-24 |
| 2503 SE 19th Pl Unit 102A | condos | 3 | 2 | 1,220 | $210,000 | 2025-11-10 |
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 |
|---|---|---|---|---|---|---|
| 2455 SE 23rd Rd | single_family | 3 | 2 | 2,161 | $569,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,334 | $414,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,828 | $458,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,668 | $397,990 | — |
| Palm Dr & 167th Av | townhomes | 3 | 2 | 1,651 | $444,990 | — |
| 2815 SE 16th Ave Unit 102 | condos | 3 | 2 | 1,166 | $189,000 | — |
| 1651 SE 31st Ct | townhomes | 3 | 3 | 1,518 | $305,000 | — |
| 1543 SE 25th St Unit 204 | condos | 3 | 2 | 1,182 | $200,000 | — |
10-year hold projection
IRR7.0%
Equity multiple2.10x
Total return (10yr)$85,397
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $216,197 | $11,193 | -$2,957 | $166,099 | $50,098 |
| 2 | $222,683 | $11,583 | -$2,596 | $164,154 | $58,529 |
| 3 | $229,363 | $11,986 | -$2,224 | $162,074 | $67,289 |
| 4 | $236,244 | $12,403 | -$1,838 | $159,852 | $76,392 |
| 5 | $243,332 | $12,834 | -$1,440 | $157,478 | $85,854 |
| 6 | $250,632 | $13,279 | -$1,028 | $154,940 | $95,692 |
| 7 | $258,151 | $13,739 | -$602 | $152,228 | $105,923 |
| 8 | $265,895 | $14,214 | -$162 | $149,330 | $116,565 |
| 9 | $273,872 | $14,705 | $294 | $146,233 | $127,639 |
| 10 | $282,088 | $15,213 | $765 | $142,923 | $139,165 |
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.