29621 SW 194 Ct

Homestead, FL 33030 · single_family · For Sale · 16 days on market
Asking price$799,990
5 beds 3 baths 2,188 sqft
Suggested offer$666,218$133,772 above the est. market value of $666,218.
View on Realtor.com →
Listed by Reynaldo Gonzalez · Malibu Bay Realty
Typesingle_family
Built2026
Price / sqft$366
Est. value (own analysis)$666,218
Rent estimate (own analysis)$4,100/mo
HOANone
Show every detail
Statusfor_sale
Listed date2026-08-17
Removed date
MLSMiamiMLS #A12072285
Coordinates
Address29621 SW 194 Ct
CityHomestead
StateFL
Zip33030
Listing ID9090605486
Sourceus-real-estate-listings, cached 2026-08-28

ZIP market snapshot (33030)

Typical home value (ZHVI)$521,479
Typical rent (ZORI)$2,465/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)

Purchase price$799,990
Down payment (20.0%)$159,998
Loan amount$639,992
Closing costs (5.0%)$40,000
Total cash to close$199,998
Rent (comp-derived)$4,100$49,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$49,200
Vacancy rate (assumption) assumption8.0%

$49,200 × 8.0% = $3,936

Effective gross income$3,772$45,264
Property tax (placeholder 1.9% of price)$1,267$15,200
Insurance (placeholder 0.8% of price)$533$6,400
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$205$2,460
Total operating expenses$2,005$24,060
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$45,264
Total operating expenses derived$24,060

$45,264 − $24,060 = $21,204

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$639,992
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$639,992 amortized at 6.7% over 30 years = $4,113/mo

CapEx reserve (5.0% of GSR)$205$2,460
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$21,204
Annual debt service derived$49,353
Annual CapEx reserve assumption$2,460
Annual PMI assumption$0

($21,204 − $49,353 − $2,460 − $0) ÷ 12 = -$2,551

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$21,204
Purchase price data$799,990

$21,204 ÷ $799,990 = 2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$30,609
Total cash to close derived$199,998

-$30,609 ÷ $199,998 = -15.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$21,204
Annual debt service derived$49,353

$21,204 ÷ $49,353 = 0.43

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$49,200
Purchase price data$799,990

($49,200 ÷ 12) ÷ $799,990 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$799,990
Gross scheduled rent (annual) comp$49,200

$799,990 ÷ $49,200 = 16.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$24,060
Effective gross income derived$45,264

$24,060 ÷ $45,264 = 53.2%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$24,060
Annual debt service derived$49,353
Annual PMI assumption$0
Gross scheduled rent (annual) comp$49,200

($24,060 + $49,353 + $0) ÷ $49,200 = 149.2%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family532,474$4,1002026-07-03
single_family532,474$3,5002026-08-10
single_family542,731$6,850

18849 SW 315th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,474
Listed2026-07-03
Days on market

Asking rent: $4,100

View on Zillow →

18873 SW 315th St

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,474
Listed2026-08-10
Days on market

Asking rent: $3,500

View on Zillow →

32242 SW 194th Ave

Homestead, 33030 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage2,731
Listed
Days on market

Asking rent: $6,850

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
17354 SW 287th Stsingle_family543,373$1,200,0002026-07-21
17372 SW 287th Stsingle_family543,373$1,250,0002026-07-06
31500 SW 187th Avesingle_family563,306$539,0002026-06-10
28550 SW 192nd Avesingle_family543,231$1,000,0002026-05-11
16733 SW 292nd Tersingle_family552,838$760,0002026-05-07
2147 NW 15th Plsingle_family532,837$770,0002026-05-06
2230 NW 17th Avesingle_family553,972$1,050,0002026-04-28
17451 SW 285th Stsingle_family532,458$694,0002026-04-27
17334 SW 303rd Stsingle_family531,938$637,4002026-04-20
622 NW 7th Avesingle_family522,132$260,0002026-04-13
18455 SW 284th Stsingle_family537,896$1,690,0002026-03-31
19621 SW 308th Stsingle_family532,465$789,0002026-02-18
690 NW 18th Stsingle_family541,800$510,0002026-02-09
17341 SW 304th Stsingle_family531,938$650,0002026-02-06
29151 SW 168th Ctsingle_family553,532$965,0002026-02-03
16916 SW 291st Stsingle_family552,838$980,0002026-01-26
29282 SW 181st Avesingle_family543,120$950,0002026-01-23
17392 SW 284th Stsingle_family542,756$856,0002026-01-15
17241 SW 288th Stsingle_family553,384$1,149,9902025-12-23

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.

AddressTypeBedsBathsSqftAsking priceDays on market
SW 288 St & 177th Avesingle_family542,806$860,990
17480 SW 286 Stsingle_family533,108$809,140
17480 SW 286 Stsingle_family543,108$809,140
18844 SW 314th Stsingle_family532,474$591,290
28544 SW 176th Ave.single_family542,806$815,990
17464 SW 286 Stsingle_family543,108$814,090
SW 312 St & 187th Avesingle_family532,474$589,990
single_family532,349$385,000

10-year hold projection

IRR-0.2%
Equity multiple0.97x
Total return (10yr)$98,660
YearProperty valueNOICash flowLoan balanceEquity
1$823,990$21,204-$30,609$633,053$190,937
2$848,709$21,961-$29,914$625,638$223,072
3$874,171$22,743-$29,195$617,713$256,458
4$900,396$23,551-$28,451$609,244$291,152
5$927,408$24,388-$27,681$600,194$327,214
6$955,230$25,252-$26,884$590,522$364,708
7$983,887$26,146-$26,060$580,186$403,701
8$1,013,403$27,070-$25,208$569,140$444,263
9$1,043,806$28,025-$24,326$557,336$486,470
10$1,075,120$29,012-$23,413$544,720$530,399
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.