11324 SW 236th Ln
Homestead, FL 33032 · condos · For Sale · 195 days on market
Asking price$475,000
4 beds 3 baths 1,946 sqft
Suggested offer$418,974$56,026 above the est. market value of $418,974.
View on Realtor.com →Listed by Ariel Lopez · Island Living Realty, Llc
Typecondos
Built2006
Price / sqft$244
Est. value (own analysis)$418,974
Rent estimate (own analysis)$2,700/mo
HOA$200/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-19
Removed date—
MLSMiamiMLS #A11968853
Coordinates25.54716, -80.37473
Address11324 SW 236th Ln
CityHomestead
StateFL
Zip33032
Listing ID6978883948
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $475,000 |
| Down payment (20.0%) | $95,000 |
| Loan amount | $380,000 |
| Closing costs (5.0%) | $23,750 |
| Total cash to close | $118,750 |
| Income | |
| Rent (comp-derived) | $2,700$32,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,484$29,808 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $752$9,025 |
| Insurance (est. scaled by flood & wind risk) | $697$8,360 |
| HOA dues | $200$2,400 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,620 |
| Total operating expenses | $1,784$21,405 |
| 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) | $135$1,620 |
| 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 | 4 | 3 | 1,604 | $2,500 | 2026-07-14 | — | |
| condos | 4 | 2 | 1,651 | $2,700 | 2026-05-19 | — | |
| condos | 4 | 4 | 3,312 | $2,900 | 2026-02-21 | — |
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 14840 Naranja Lakes Blvd Unit C1L | condos | 2 | 2 | 1,075 | $140,000 | 2026-08-27 |
| 14830 Naranja Lakes Blvd Unit A1M | condos | 2 | 2 | 1,075 | $138,000 | 2026-07-27 |
| 14850 Naranja Lakes Blvd Unit B1K | condos | 2 | 2 | 1,075 | $135,000 | 2026-07-10 |
| 12480 SW 248th St Unit 1 | condos | 3 | 2 | 1,333 | $391,890 | 2026-04-08 |
| 14840 Naranja Lakes Blvd Unit C4L | condos | 2 | 2 | 1,075 | $131,000 | 2026-03-31 |
| 14054 SW 260th St Apt 104 | condos | 3 | 3 | 1,657 | $315,000 | 2026-02-26 |
| 12426 SW 248th St Unit 4 | condos | 3 | 3 | 1,286 | $385,000 | 2026-02-25 |
| 12102 SW 268th Ln | condo_townhome_rowhome_coop | 3 | 3 | 1,330 | $385,440 | 2026-02-19 |
| 11084 SW 237th Ln | condo_townhome_rowhome_coop | 3 | 2 | 1,216 | $352,000 | 2026-02-09 |
| 23731 SW 110th Ave | condo_townhome_rowhome_coop | 2 | 2 | 1,130 | $335,000 | 2025-12-11 |
| 12148 SW 268th Ln | condo_townhome_rowhome_coop | 3 | 3 | 1,330 | $393,363 | 2025-11-28 |
| 14840 Naranja Lakes Blvd Unit C1J | condos | 2 | 2 | 1,075 | $150,000 | 2025-11-25 |
| 11525 SW 248th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,659 | $398,000 | 2025-11-06 |
| 14840 Naranja Lakes Blvd Unit C3R | condos | 2 | 2 | 1,075 | $205,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 23660 SW 120th Ave | single_family | 4 | 6 | 3,709 | $2,625,000 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,436 | $395,990 | — |
| 13845 SW 261st Ter | single_family | 4 | 4 | 1,436 | $397,290 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,458 | $397,990 | — |
| SW 139th Ave and SW 262nd | single_family | 4 | 3 | 1,476 | $497,990 | — |
| 11509 SW 238th Ter | single_family | 4 | 3 | 1,992 | $590,000 | — |
| 13833 SW 261st Ter | townhomes | 4 | 4 | 1,458 | $401,990 | — |
| 13841 SW 261st Ter | townhomes | 4 | 4 | 1,436 | $395,990 | — |
10-year hold projection
IRR-2.6%
Equity multiple0.57x
Total return (10yr)$10,648
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $489,250 | $8,403 | -$22,521 | $375,880 | $113,370 |
| 2 | $503,928 | $8,762 | -$22,202 | $371,477 | $132,450 |
| 3 | $519,045 | $9,135 | -$21,871 | $366,772 | $152,274 |
| 4 | $534,617 | $9,521 | -$21,527 | $361,743 | $172,873 |
| 5 | $550,655 | $9,922 | -$21,170 | $356,370 | $194,286 |
| 6 | $567,175 | $10,338 | -$20,799 | $350,627 | $216,548 |
| 7 | $584,190 | $10,769 | -$20,413 | $344,490 | $239,700 |
| 8 | $601,716 | $11,216 | -$20,013 | $337,931 | $263,784 |
| 9 | $619,767 | $11,680 | -$19,598 | $330,922 | $288,845 |
| 10 | $638,360 | $12,161 | -$19,166 | $323,432 | $314,928 |
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.