28611 SW 129th Ct
Homestead, FL 33033 · townhomes · For Sale · 5 days on market
Asking price$480,000
4 beds 3 baths 2,005 sqft
Suggested offer$417,241$62,760 above the est. market value of $417,241.
View on Realtor.com →Listed by Maria Albarran · SMART MIAMI REALTY, LLC.
Typetownhomes
Built2023
Price / sqft$239
Est. value (own analysis)$417,241
Rent estimate (own analysis)$2,825/mo
HOA$300/mo
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Statusfor_sale
Listed date2026-08-28
Removed date—
MLSMiamiMLS #A12078509
Coordinates25.50145, -80.40044
Address28611 SW 129th Ct
CityHomestead
StateFL
Zip33033
Listing ID9046173158
Sourceus-real-estate-listings, cached 2026-08-29
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 | $480,000 |
| Down payment (20.0%) | $96,000 |
| Loan amount | $384,000 |
| Closing costs (5.0%) | $24,000 |
| Total cash to close | $120,000 |
| Income | |
| Rent (comp-derived) | $2,825$33,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,599$31,188 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $760$9,120 |
| Insurance (placeholder 0.8% of price) | $320$3,840 |
| HOA dues | $300$3,600 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $141$1,695 |
| Total operating expenses | $1,521$18,255 |
| 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) | $141$1,695 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 1,580 | $2,195 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,544 | $2,450 | 2026-08-03 | — | |
| townhomes | 4 | 3 | 1,546 | $2,500 | 2026-05-29 | — | |
| townhomes | 4 | 3 | 1,544 | $2,395 | 2026-08-06 | — | |
| townhomes | 4 | 3 | 1,544 | $2,550 | 2026-08-24 | — | |
| townhomes | 4 | 4 | 1,762 | $2,850 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 2,005 | $3,000 | 2026-07-31 | — | |
| townhomes | 4 | 3 | 1,546 | $2,750 | 2026-07-14 | — | |
| townhomes | 4 | 3 | 1,705 | $3,000 | 2026-07-04 | — | |
| townhomes | 4 | 3 | 2,306 | $3,000 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,856 | $4,700 | 2026-08-12 | — | |
| townhomes | 4 | 3 | 1,820 | $2,800 | 2026-06-10 | — | |
| townhomes | 4 | 3 | 1,927 | $3,100 | 2026-07-09 | — | |
| townhomes | 4 | 3 | 2,002 | $3,600 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 3701 NE 4th St | townhomes | 4 | 3 | 1,683 | $385,000 | 2026-08-27 |
| 1137 NE 31st Ter | townhomes | 4 | 3 | 1,592 | $320,000 | 2026-08-25 |
| 207 SE 37th Pl | townhomes | 4 | 3 | 2,040 | $370,000 | 2026-08-07 |
| 1072 NE 30th Ave | townhomes | 4 | 3 | 1,580 | $340,000 | 2026-08-03 |
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 |
|---|---|---|---|---|---|---|
| 16200 SW 320th St | single_family | 4 | 3 | 2,267 | $690,990 | — |
| 16314 SW 291 St Unit 16314 | condo_townhome_rowhome_coop | 4 | 3 | — | $385,000 | — |
| 17360 SW 286 St | single_family | 4 | 3 | 2,217 | $724,690 | — |
| 2570 SE 4th Pl | single_family | 4 | 3 | 2,098 | $485,000 | — |
| 13411 SW 285th St | single_family | 4 | 3 | 2,598 | $552,000 | — |
| 729 SE 34th Ave | single_family | 4 | 2 | 1,670 | $444,444 | — |
| 15624 SW 297th Ter | single_family | 4 | 2 | 1,506 | $597,000 | — |
| 977 NE 37th Pl | single_family | 4 | 3 | 2,020 | $455,000 | — |
10-year hold projection
IRR-0.1%
Equity multiple0.98x
Total return (10yr)$60,149
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $494,400 | $12,933 | -$18,374 | $379,837 | $114,563 |
| 2 | $509,232 | $13,412 | -$17,937 | $375,387 | $133,845 |
| 3 | $524,509 | $13,908 | -$17,485 | $370,632 | $153,877 |
| 4 | $540,244 | $14,421 | -$17,016 | $365,551 | $174,693 |
| 5 | $556,452 | $14,952 | -$16,531 | $360,121 | $196,331 |
| 6 | $573,145 | $15,502 | -$16,028 | $354,317 | $218,828 |
| 7 | $590,339 | $16,070 | -$15,508 | $348,115 | $242,224 |
| 8 | $608,050 | $16,658 | -$14,969 | $341,488 | $266,562 |
| 9 | $626,291 | $17,266 | -$14,411 | $334,405 | $291,886 |
| 10 | $645,080 | $17,895 | -$13,834 | $326,836 | $318,244 |
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.