1382 SE 26th Rd

Homestead, FL 33035 · single_family · For Sale · 275 days on market
Asking price$595,000
5 beds 3 baths 2,905 sqft
View on Realtor.com →
Listed by Faisal Awan · Realty One Group Plus
Typesingle_family
Built2021
Price / sqft$205
Est. value (own analysis)$688,834
Rent estimate (own analysis)$4,600/mo
HOA$236/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Wildfire3/10ModerateAir2/10Minor
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Neighborhood

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Statusfor_sale
Listed date2025-12-01
Removed date
MLSMiamiMLS #A11921629
Coordinates25.45697, -80.43689
Address1382 SE 26th Rd
CityHomestead
StateFL
Zip33035
Listing ID9233767391
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)

Purchase price$595,000
Down payment (20.0%)$119,000
Loan amount$476,000
Closing costs (5.0%)$29,750
Total cash to close$148,750
Rent (comp-derived)$4,600$55,200
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$55,200
Vacancy rate (assumption) assumption8.0%

$55,200 × 8.0% = $4,416

Effective gross income$4,232$50,784
Property tax (placeholder 1.9% of price)$942$11,305
Insurance (est. scaled by flood & wind risk)$774$9,282
HOA dues$236$2,832
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$230$2,760
Total operating expenses$2,182$26,179
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$50,784
Total operating expenses derived$26,179

$50,784 − $26,179 = $24,605

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$476,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$476,000 amortized at 6.7% over 30 years = $3,059/mo

CapEx reserve (5.0% of GSR)$230$2,760
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$24,605
Annual debt service derived$36,707
Annual CapEx reserve assumption$2,760
Annual PMI assumption$0

($24,605 − $36,707 − $2,760 − $0) ÷ 12 = -$1,238

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$24,605
Purchase price data$595,000

$24,605 ÷ $595,000 = 4.1%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$14,862
Total cash to close derived$148,750

-$14,862 ÷ $148,750 = -10.0%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$24,605
Annual debt service derived$36,707

$24,605 ÷ $36,707 = 0.67

Rent-to-price (1% rule)

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

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$55,200
Purchase price data$595,000

($55,200 ÷ 12) ÷ $595,000 = 0.8%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$595,000
Gross scheduled rent (annual) comp$55,200

$595,000 ÷ $55,200 = 10.8

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$26,179
Effective gross income derived$50,784

$26,179 ÷ $50,784 = 51.5%

Break-even occupancy

Break-Even Occupancy

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

Total operating expenses derived$26,179
Annual debt service derived$36,707
Annual PMI assumption$0
Gross scheduled rent (annual) comp$55,200

($26,179 + $36,707 + $0) ÷ $55,200 = 113.9%

Comparables

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

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family543,105$4,6002026-06-25
single_family532,666$4,0002026-07-30
single_family543,033$5,0002026-08-04
single_family543,567$5,5002026-06-03
single_family543,150$4,7002026-08-17
single_family543,105$4,5002026-07-02
single_family543,033$4,5002026-06-05
single_family532,905$4,4002026-08-14
single_family543,033$5,000

2423 SE 30th St

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,105
Listed2026-06-25
Days on market

Asking rent: $4,600

View on Zillow →

2629 SE 24th Ct

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,666
Listed2026-07-30
Days on market

Asking rent: $4,000

View on Zillow →

879 SE 26th Ter Unit 1

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,033
Listed2026-08-04
Days on market

Asking rent: $5,000

View on Zillow →

2250 SE 19th Ave

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,567
Listed2026-06-03
Days on market

Asking rent: $5,500

View on Zillow →

2832 SE 23rd Ave Unit 0

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,150
Listed2026-08-17
Days on market

Asking rent: $4,700

View on Zillow →

2475 SE 29th Dr

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,105
Listed2026-07-02
Days on market

Asking rent: $4,500

View on Zillow →

2636 SE 8th Ct

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,033
Listed2026-06-05
Days on market

Asking rent: $4,500

View on Zillow →

1409 SE 26th Ter Unit 1409

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 3 ba
Square footage2,905
Listed2026-08-14
Days on market

Asking rent: $4,400

View on Zillow →

879 SE 26th Ter

Homestead, 33035 · rent comp

Bedrooms / bathrooms5 bd / 4 ba
Square footage3,033
Listed
Days on market

Asking rent: $5,000

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
2987 SE 25th Avesingle_family543,105$770,4402026-08-31
2727 SE 24th Drsingle_family532,656$650,7652026-08-27
2835 Fairways Drsingle_family542,460$550,0002026-08-21
2910 Fairways Drsingle_family532,973$735,0002026-08-07
2750 SE 25th Ctsingle_family532,656$642,5912026-07-29
1387 SE 26th Tersingle_family532,905$500,0002026-06-01
1433 SE 27th Tersingle_family532,905$540,0002026-05-12
2408 SE 27th Tersingle_family532,666$612,8002026-02-25
2616 SE 25th Ctsingle_family532,666$598,8002026-02-06
2733 SE 24th Ctsingle_family532,666$682,8002025-12-31
5245263957single_family531,695$527,5002025-12-22
2724 SE 24th Ctsingle_family532,666$555,9002025-12-05
2302 SE 30th Stsingle_family533,150$727,6002025-12-03
2516 SE 25th Ctsingle_family532,656$576,4962025-11-26
2280 SE 30th Stsingle_family533,150$725,0002025-11-21
2468 SE 27th Tersingle_family532,666$647,0002025-11-12
2483 SE 26th Tersingle_family532,656$632,1282025-10-27
2209 SE 19th Avesingle_family543,830$705,0002025-10-24
2232 SE 30th Stsingle_family533,150$683,5002025-10-09
2201 SE 30th Stsingle_family533,150$770,0002025-09-22
2249 SE 30th Stsingle_family533,150$767,7002025-09-16
2548 SE 25th Ctsingle_family532,666$629,8002025-09-10
2233 SE 30th Stsingle_family533,150$767,0002025-09-10
2554 SE 25th Ctsingle_family532,666$690,3002025-09-08

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.

AddressTypeBedsBathsSqftAsking priceDays on market
2455 SE 23rd Rdsingle_family532,656$649,990
2455 SE 23rd Rdtownhomes533,105$760,990
2475 SE 29th Drsingle_family54$790,000
3140 Fairways Drsingle_family533,061$875,000
1611 SE 16th Stsingle_family542,786$635,000
2835 Fairways Drsingle_family542,460$585,000
2220 SE 19th Avesingle_family543,567$715,000
2832 SE 23rd Avesingle_family543,150$819,000

10-year hold projection

IRR3.7%
Equity multiple1.60x
Total return (10yr)$166,388
YearProperty valueNOICash flowLoan balanceEquity
1$612,850$24,605-$14,862$470,839$142,011
2$631,236$25,474-$14,062$465,324$165,912
3$650,173$26,372-$13,234$459,430$190,743
4$669,678$27,301-$12,378$453,131$216,547
5$689,768$28,261-$11,492$446,400$243,368
6$710,461$29,253-$10,576$439,206$271,255
7$731,775$30,279-$9,628$431,519$300,256
8$753,728$31,339-$8,648$423,304$330,425
9$776,340$32,435-$7,635$414,524$361,816
10$799,630$33,568-$6,586$405,142$394,489
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.