202 SE 2 St
Homestead, FL 33033 · single_family · For Sale · 1 days on market
Asking price$809,990
5 beds 3 baths 2,484 sqft
Suggested offer$547,137$262,853 above the est. market value of $547,137.
View on Realtor.com →Listed by Sunstone
Typesingle_family
Built—
Price / sqft$326
Est. value (own analysis)$547,137
Rent estimate (own analysis)$3,949/mo
HOANone
1 / 23
Show every detail
Statusfor_sale
Listed date2026-09-02
Removed date—
MLSLennar #25143600320
Coordinates—
Address202 SE 2 St
CityHomestead
StateFL
Zip33033
Listing ID9009344421
Sourceus-real-estate-listings, cached 2026-09-02
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 | $809,990 |
| Down payment (20.0%) | $161,998 |
| Loan amount | $647,992 |
| Closing costs (5.0%) | $40,500 |
| Total cash to close | $202,498 |
| Income | |
| Rent (comp-derived) | $3,949$47,388 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,633$43,597 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,282$15,390 |
| Insurance (placeholder 0.8% of price) | $540$6,480 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $197$2,369 |
| Total operating expenses | $2,020$24,239 |
| 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) | $197$2,369 |
| 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 | 5 | 3 | 2,258 | $2,900 | 2026-07-08 | — | |
| single_family | 5 | 4 | 3,196 | $5,000 | 2026-08-27 | — | |
| single_family | 5 | 3 | 2,170 | $3,100 | 2026-08-09 | — | |
| single_family | 5 | 2 | 2,063 | $2,995 | 2026-07-12 | — | |
| single_family | 5 | 3 | 3,129 | $5,000 | 2026-08-22 | — | |
| single_family | 5 | 4 | 2,267 | $3,750 | 2026-07-21 | — | |
| single_family | 5 | 3 | 3,218 | $4,975 | 2026-08-24 | — | |
| single_family | 5 | 3 | 2,693 | $3,600 | 2026-07-14 | — | |
| single_family | 5 | 4 | 2,048 | $4,000 | 2026-07-28 | — | |
| single_family | 5 | 4 | 2,878 | $5,000 | 2026-08-25 | — | |
| single_family | 5 | 4 | 3,196 | $3,990 | 2026-08-23 | — | |
| single_family | 5 | 3 | 2,170 | $3,949 | 2026-06-10 | — | |
| single_family | 5 | 3 | 2,504 | $3,900 | — | — | |
| single_family | 5 | 3 | 2,916 | $4,000 | 2026-04-08 | — | |
| single_family | 5 | 3 | 2,894 | $3,700 | 2026-06-10 | — | |
| single_family | 5 | 3 | 2,894 | $3,850 | 2026-07-07 | — | |
| single_family | 5 | 2 | 2,063 | $3,195 | — | — | |
| single_family | 5 | 3 | 2,916 | $4,000 | — | — | |
| single_family | 5 | 3 | 2,894 | $3,700 | — | — | |
| single_family | 5 | 3 | 3,080 | $4,500 | — | — | |
| single_family | 5 | 3 | 2,894 | $4,000 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 159 NE 17th Ave | single_family | 5 | 3 | 2,645 | $664,000 | 2026-08-24 |
| 216 NE 36th Ter | single_family | 5 | 4 | 2,379 | $520,000 | 2026-08-21 |
| 633 SE 35th Ter | single_family | 5 | 4 | 3,196 | $640,000 | 2026-08-19 |
| 175 NE 26th Ave | single_family | 5 | 3 | 2,550 | $660,000 | 2026-08-19 |
| 29100 Alabama Rd | single_family | 5 | 3 | 1,660 | $545,000 | 2026-08-15 |
| 589 SE 34th Ter | single_family | 5 | 3 | 2,492 | $530,000 | 2026-08-10 |
| 4113 NE 22nd Ln | single_family | 5 | 3 | 2,494 | $538,500 | 2026-08-04 |
| 144 NE 32nd Ter | single_family | 5 | 3 | 3,276 | $630,000 | 2026-07-27 |
| 133 NE 23rd Ter | single_family | 5 | 2 | 2,504 | $495,000 | 2026-07-21 |
| 15260 SW 308th St | single_family | 5 | 3 | 1,477 | $545,000 | 2026-07-15 |
| 1884 NE 1st St | single_family | 5 | 3 | 2,583 | $634,900 | 2026-07-14 |
| 1147 NE 37th Pl | single_family | 5 | 3 | 2,726 | $620,000 | 2026-07-13 |
| 13383 SW 285th St | single_family | 5 | 3 | 3,252 | $670,000 | 2026-07-01 |
| 1517 NE 2nd Ct | single_family | 5 | 3 | — | $637,000 | 2026-06-30 |
| 126 NE 27th Ter | single_family | 5 | 2 | 1,952 | $585,000 | 2026-06-29 |
| 29925 SW 149th Ct | single_family | 5 | 3 | 2,604 | $515,000 | 2026-06-29 |
| 347 NE 34th Ter | single_family | 5 | 3 | 2,170 | $475,000 | 2026-06-26 |
| 3951 NE 13th Dr | single_family | 5 | 3 | 2,065 | $498,000 | 2026-06-26 |
| 30365 SW 152nd Ct | single_family | 5 | 3 | 2,656 | $620,000 | 2026-06-25 |
| 1633 NE 2nd Ct | single_family | 5 | 4 | 2,878 | $685,000 | 2026-06-22 |
| 627 SE 34th Ave | single_family | 5 | 2 | 2,492 | $495,000 | 2026-06-10 |
| 1636 SE 7th Ct | single_family | 5 | 3 | 2,499 | $621,000 | 2026-05-29 |
| 1661 NE 2nd Ct | single_family | 5 | 3 | 2,645 | $635,000 | 2026-05-29 |
| 177 NE 17th Ave | single_family | 5 | 4 | 2,878 | $671,000 | 2026-05-28 |
| 1679 NE 2nd Ct | single_family | 5 | 4 | 2,878 | $672,000 | 2026-05-28 |
| 3455 NE 1st St | single_family | 5 | 3 | 2,835 | $620,000 | 2026-05-27 |
| 15042 SW 297th Ter | single_family | 5 | 2 | 2,270 | $500,000 | 2026-05-27 |
| 148 NE 24th Ave | single_family | 5 | 2 | 2,504 | $515,000 | 2026-05-27 |
| 2872 NE 1st Dr | single_family | 5 | 3 | 2,536 | $525,000 | 2026-05-18 |
| 415 SE 34th Ter | single_family | 5 | 3 | 2,916 | $599,000 | 2026-05-11 |
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 |
|---|---|---|---|---|---|---|
| 3449 NE 2nd St | single_family | 5 | 3 | 2,514 | $389,000 | — |
| 3477 SE 3rd St | single_family | 5 | 4 | 3,196 | $547,500 | — |
| 28565 SW 158th Ct | single_family | 5 | 3 | 2,832 | $899,000 | — |
| 1361 NE 42nd Ave | single_family | 5 | 3 | 2,753 | $480,000 | — |
| 125 SE 36th Pl | single_family | 5 | 4 | 3,196 | $675,000 | — |
| 3424 NE 1st St | single_family | 5 | 3 | 2,835 | $628,900 | — |
| 16040 SW 283rd St | single_family | 5 | 3 | 2,963 | $665,000 | — |
| 4120 NE 22nd Ct | single_family | 5 | 3 | 2,024 | $490,000 | — |
10-year hold projection
IRR-0.9%
Equity multiple0.86x
Total return (10yr)$77,016
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $834,290 | $19,358 | -$32,982 | $640,966 | $193,323 |
| 2 | $859,318 | $20,060 | -$32,339 | $633,458 | $225,860 |
| 3 | $885,098 | $20,786 | -$31,674 | $625,435 | $259,663 |
| 4 | $911,651 | $21,537 | -$30,985 | $616,860 | $294,791 |
| 5 | $939,000 | $22,313 | -$30,272 | $607,696 | $331,304 |
| 6 | $967,170 | $23,116 | -$29,534 | $597,903 | $369,267 |
| 7 | $996,186 | $23,947 | -$28,771 | $587,438 | $408,747 |
| 8 | $1,026,071 | $24,806 | -$27,980 | $576,254 | $449,817 |
| 9 | $1,056,853 | $25,694 | -$27,163 | $564,302 | $492,551 |
| 10 | $1,088,559 | $26,613 | -$26,316 | $551,530 | $537,029 |
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.