100 SE 6th Ave
Homestead, FL 33030 · mobile · For Sale · 86 days on market
Asking price$49,000
2 beds 1 baths — sqft
Listed by LILIANA FALCON · Avanti Way
Typemobile
Built1990
Price / sqft—
Est. value (own analysis)$245,000
Rent estimate (Zillow ZIP avg)$2,465/mo
HOA$900/mo
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⚠ Cap rate of 27.8% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 74.4% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-06-09
Removed date—
MLSMiamiMLS #A12033396
Coordinates25.46404, -80.47555
Address100 SE 6th Ave
CityHomestead
StateFL
Zip33030
Listing ID9262233438
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $49,000 |
| Down payment (20.0%) | $9,800 |
| Loan amount | $39,200 |
| Closing costs (5.0%) | $2,450 |
| Total cash to close | $12,250 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,465$29,583 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,268$27,217 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $78$931 |
| Insurance (placeholder 0.8% of price) | $33$392 |
| HOA dues | $900$10,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $123$1,479 |
| Total operating expenses | $1,134$13,602 |
| 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) | $123$1,479 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| mobile | 2 | 2 | 850 | $1,850 | 2026-05-10 | — | |
| mobile | 2 | 2 | 1,170 | $1,675 | 2026-07-01 | — |
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 |
|---|---|---|---|---|---|---|
| 220 NE 12th Ave Lot 137 | mobile | 4 | 2 | 2,128 | $280,000 | 2026-08-10 |
| 220 NE 12th Ave | mobile | 4 | 2 | 1,456 | $140,000 | 2026-07-07 |
| 220 NE 12th Ave Lot 182 | mobile | 3 | 2 | 1,344 | $195,000 | 2026-06-30 |
| 220 NE 12th Ave Lot 219 | mobile | 3 | 2 | 1,680 | $245,000 | 2026-03-12 |
| 220 NE 12th Ave Lot 186 | mobile | 3 | 2 | 1,456 | $255,000 | 2026-02-26 |
| 220 NE 12th Ave Lot 150 | mobile | 3 | 2 | 1,344 | $246,000 | 2025-11-14 |
| 220 NE 12th Ave Lot 210 | mobile | 3 | 2 | 1,400 | $200,000 | 2025-10-21 |
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 |
|---|---|---|---|---|---|---|
| 722 SW 3rd Ave | single_family | 2 | 1 | 600 | $225,000 | — |
| 536 SW 6th Ter | multi_family | 2 | 2 | 900 | $375,000 | — |
| 21025 SW 300th St | single_family | 2 | 1 | 1,946 | $1,200,000 | — |
| 451 SE 8th St Lot 56 | mobile | 2 | 1 | — | $65,000 | — |
| 1238 Old Dixie Hwy | single_family | 2 | 1 | 720 | $399,900 | — |
| 265 NE 12th Ave Unit 265 | condos | 2 | 2 | 1,084 | $210,000 | — |
| 515 SW 3rd Ave | multi_family | 2 | 1 | 2,414 | $1,000,090 | — |
| 611 SW 8th Ave | multi_family | 2 | 1 | 1,346 | $445,000 | — |
10-year hold projection
IRR79.3%
Equity multiple11.54x
Total return (10yr)$135,505
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $50,470 | $13,615 | $9,112 | $38,775 | $11,695 |
| 2 | $51,984 | $14,091 | $9,552 | $38,321 | $13,663 |
| 3 | $53,544 | $14,583 | $10,006 | $37,835 | $15,708 |
| 4 | $55,150 | $15,092 | $10,477 | $37,317 | $17,833 |
| 5 | $56,804 | $15,618 | $10,963 | $36,762 | $20,042 |
| 6 | $58,509 | $16,162 | $11,466 | $36,170 | $22,339 |
| 7 | $60,264 | $16,724 | $11,986 | $35,537 | $24,727 |
| 8 | $62,072 | $17,304 | $12,523 | $34,860 | $27,211 |
| 9 | $63,934 | $17,904 | $13,079 | $34,137 | $29,797 |
| 10 | $65,852 | $18,524 | $13,654 | $33,365 | $32,487 |
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.