34875 SW 188th Pl
Homestead, FL 33034 · mobile · For Sale · 100 days on market
Asking price$109,900
3 beds 2 baths — sqft
Listed by EDWIN ROMAN · Compass Realty Group
Typemobile
Built1994
Price / sqft—
Est. value (own analysis)$220,000
Rent estimate (own analysis)$2,500/mo
HOA$682/mo
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Statusfor_sale
Listed date2026-05-25
Removed date—
MLSMiamiMLS #A12024914
Coordinates25.44284, -80.49701
Address34875 SW 188th Pl
CityHomestead
StateFL
Zip33034
Listing ID9422323766
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33034)
Typical home value (ZHVI)$382,671
Typical rent (ZORI)$2,436/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 | $109,900 |
| Down payment (20.0%) | $21,980 |
| Loan amount | $87,920 |
| Closing costs (5.0%) | $5,495 |
| Total cash to close | $27,475 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $174$2,088 |
| Insurance (placeholder 0.8% of price) | $73$879 |
| HOA dues | $682$8,184 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,054$12,651 |
| 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) | $125$1,500 |
| 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 | 3 | 2 | 1,456 | $2,150 | 2026-08-24 | — | |
| mobile | 3 | 2 | 1,456 | $2,650 | 2026-08-20 | — | |
| mobile | 3 | 2 | 5,891 | $2,500 | 2026-06-19 | — |
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 |
|---|---|---|---|---|---|---|
| 35250 SW 177th Ct Unit 44 | mobile | 3 | 2 | 1,170 | $220,000 | 2026-08-14 |
| 35303 SW 180th Ave Lot 353 | mobile | 3 | 2 | 1,170 | $237,000 | 2026-05-06 |
| 35303 SW 180th Ave Lot 345 | mobile | 3 | 2 | 1,430 | $220,000 | 2025-10-31 |
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 |
|---|---|---|---|---|---|---|
| 1431 NE 5th Avenue | townhomes | 3 | 2 | 1,448 | $450,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,414 | $342,990 | — |
| 35817 SW 178th Ct | townhomes | 3 | 3 | 1,338 | $393,790 | — |
| SW 328 St & SW 172nd Ave | single_family | 3 | 2 | 1,545 | $363,990 | — |
| 18917 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,460 | $347,090 | — |
| 18927 SW 357 St | condo_townhome_rowhome_coop | 3 | 3 | 1,373 | $343,590 | — |
| SW 336 St & SW 194 Ave | single_family | 3 | 2 | 1,732 | $546,990 | — |
| 35605 SW 180th Ave | single_family | 3 | 2 | 1,545 | $351,990 | — |
10-year hold projection
IRR31.7%
Equity multiple5.61x
Total return (10yr)$140,946
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $113,197 | $14,949 | $6,669 | $86,967 | $26,230 |
| 2 | $116,593 | $15,460 | $7,143 | $85,948 | $30,645 |
| 3 | $120,091 | $15,989 | $7,633 | $84,859 | $35,231 |
| 4 | $123,693 | $16,535 | $8,140 | $83,696 | $39,998 |
| 5 | $127,404 | $17,099 | $8,664 | $82,452 | $44,952 |
| 6 | $131,226 | $17,682 | $9,205 | $81,124 | $50,103 |
| 7 | $135,163 | $18,284 | $9,765 | $79,704 | $55,459 |
| 8 | $139,218 | $18,906 | $10,343 | $78,186 | $61,032 |
| 9 | $143,395 | $19,548 | $10,941 | $76,565 | $66,830 |
| 10 | $147,696 | $20,212 | $11,559 | $74,831 | $72,865 |
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.