2511 Pierce St Unit 3
Hollywood, FL 33020 · townhomes · For Sale · 175 days on market
Asking price$535,000
3 beds 3 baths 1,500 sqft
Suggested offer$489,000$46,000 above the est. market value of $489,000.
View on Realtor.com →Listed by Luz Colmenero · The Keyes Company - Miramar
Typetownhomes
Built2026
Price / sqft$357
Est. value (Zillow ZIP avg)$489,000
Rent estimate (own analysis)$3,500/mo
HOA$350/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #F10556815
Coordinates26.01631, -80.15762
Address2511 Pierce St Unit 3
CityHollywood
StateFL
Zip33020
Listing ID9441611652
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33020)
Median sale price$489,000
Median days on market (sale)94
Active sale listings625
Median rent$2,000/mo
Median days on market (rent)33
Active rental listings1144
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33020 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $535,000 |
| Down payment (20.0%) | $107,000 |
| Loan amount | $428,000 |
| Closing costs (5.0%) | $26,750 |
| Total cash to close | $133,750 |
| Income | |
| Rent (comp-derived) | $3,500$42,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,220$38,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $847$10,165 |
| Insurance (placeholder 0.8% of price) | $357$4,280 |
| HOA dues | $350$4,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $175$2,100 |
| Total operating expenses | $1,729$20,745 |
| 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) | $175$2,100 |
| 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 | 3 | 3 | 1,580 | $2,700 | 2026-07-08 | — | |
| townhomes | 3 | 3 | 1,500 | $3,500 | 2026-04-08 | — | |
| townhomes | 3 | 3 | 1,208 | $2,600 | 2026-05-28 | — | |
| townhomes | 3 | 3 | 1,500 | $3,500 | 2026-08-21 | — | |
| townhomes | 3 | 3 | 1,556 | $3,500 | 2026-05-31 | — | |
| townhomes | 3 | 3 | 1,284 | $14,300 | 2026-08-03 | — |
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.
No recent recorded sales cached yet for this ZIP.
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 |
|---|---|---|---|---|---|---|
| 1302 S 23rd Ave | single_family | 3 | 2 | 1,580 | $450,000 | — |
| 2260 Charleston St | single_family | 3 | 2 | 1,690 | $490,000 | — |
| 2236 Raleigh St | single_family | 3 | 1 | 910 | $148,000 | — |
| 2431 Mayo St | single_family | 3 | 2 | 1,030 | $420,000 | — |
| 527 S 28th Ave | single_family | 3 | 2 | 1,570 | $5,000 | — |
| 2901 Fletcher St | single_family | 3 | 2 | 956 | $365,000 | — |
| 910 N 14th Ct | single_family | 3 | 3 | 2,433 | $749,000 | — |
| 2647 Pierce St | multi_family | 3 | 3 | 1,591 | $625,000 | — |
10-year hold projection
IRR1.6%
Equity multiple1.26x
Total return (10yr)$104,679
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $551,050 | $17,895 | -$17,210 | $423,360 | $127,690 |
| 2 | $567,582 | $18,536 | -$16,622 | $418,400 | $149,181 |
| 3 | $584,609 | $19,198 | -$16,014 | $413,101 | $171,508 |
| 4 | $602,147 | $19,883 | -$15,384 | $407,437 | $194,710 |
| 5 | $620,212 | $20,591 | -$14,732 | $401,385 | $218,827 |
| 6 | $638,818 | $21,323 | -$14,058 | $394,917 | $243,901 |
| 7 | $657,983 | $22,080 | -$13,360 | $388,004 | $269,978 |
| 8 | $677,722 | $22,863 | -$12,638 | $380,617 | $297,105 |
| 9 | $698,054 | $23,672 | -$11,892 | $372,723 | $325,331 |
| 10 | $718,995 | $24,509 | -$11,119 | $364,287 | $354,708 |
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.