11876 SW 245th Ter Unit 11876
Homestead, FL 33032 · condo_townhome_rowhome_coop · For Sale · 9 days on market
Asking price$399,000
3 beds 3 baths 1,545 sqft
Suggested offer$198,335$200,665 above the est. market value of $198,335.
View on Realtor.com →Listed by Patricia Gomez · Pfs Realty Llc
Typecondo_townhome_rowhome_coop
Built2022
Price / sqft$258
Est. value (own analysis)$198,335
Rent estimate (own analysis)$2,775/mo
HOA$275/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Wildfire3/10ModerateAir2/10Minor
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Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12076902
Coordinates25.53921, -80.38371
Address11876 SW 245th Ter Unit 11876
CityHomestead
StateFL
Zip33032
Listing ID9477465930
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33032)
Typical home value (ZHVI)$453,873
Typical rent (ZORI)$2,663/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 | $399,000 |
| Down payment (20.0%) | $79,800 |
| Loan amount | $319,200 |
| Closing costs (5.0%) | $19,950 |
| Total cash to close | $99,750 |
| Income | |
| Rent (comp-derived) | $2,775$33,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,553$30,636 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $632$7,581 |
| Insurance (est. scaled by flood & wind risk) | $519$6,224 |
| HOA dues | $275$3,300 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $139$1,665 |
| Total operating expenses | $1,564$18,770 |
| 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) | $139$1,665 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,328 | $2,500 | 2026-07-20 | — | |
| apartment | 3 | 2 | 1,500 | $2,800 | 2026-08-28 | — | |
| condos | 3 | 3 | 1,545 | $2,600 | 2026-08-12 | — | |
| condos | 3 | 3 | 1,393 | $2,750 | 2026-04-02 | — | |
| condos | 3 | 3 | 1,483 | $2,600 | 2026-05-01 | — | |
| condos | 3 | 2 | 1,235 | $2,250 | 2026-05-26 | — | |
| apartment | 3 | 2 | 1,307 | $2,535 | 2026-03-11 | — | |
| condos | 3 | 3 | 1,328 | $2,590 | 2026-05-13 | — | |
| apartment | 3 | 1 | 1,311 | $2,250 | 2026-03-14 | — | |
| condos | 3 | 3 | 1,644 | $2,800 | 2026-06-30 | — | |
| apartment | 3 | 2 | 1,125 | $2,700 | 2026-07-01 | — | |
| condos | 3 | 3 | 1,393 | $2,650 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,328 | $2,900 | 2026-07-31 | — | |
| condos | 3 | 3 | 1,335 | $2,700 | 2026-07-06 | — | |
| condos | 3 | 3 | 1,754 | $3,150 | 2026-08-14 | — | |
| condos | 3 | 3 | 1,660 | $2,605 | 2026-05-22 | — | |
| condos | 3 | 3 | 1,328 | $3,000 | 2026-08-13 | — | |
| apartment | 3 | 2 | 1,307 | $3,330 | 2026-06-17 | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,342 | — | — | |
| apartment | 3 | 2 | 1,200 | $2,442 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,346 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,346 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,200 | $3,246 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,114 | — | — | |
| apartment | 3 | 2 | 1,307 | $3,090 | — | — |
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 |
|---|---|---|---|---|---|---|
| 14830 Naranja Lakes Blvd Unit A1M | condos | 2 | 2 | 1,075 | $138,000 | 2026-07-27 |
| 14850 Naranja Lakes Blvd Unit B1K | condos | 2 | 2 | 1,075 | $135,000 | 2026-07-10 |
| 13345 SW 274th St | condo | 4 | 3 | 2,292 | $610,000 | 2026-05-20 |
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 |
|---|---|---|---|---|---|---|
| 15791 SW 276 Ter | townhomes | 3 | 3 | 1,381 | $464,990 | — |
| 12400 SW 248th St Unit 5 | single_family | 3 | 3 | 1,367 | $429,990 | — |
| 12400 SW 248th St Unit 4 | single_family | 3 | 3 | 1,416 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
| SW 280th St & 157th Ave | single_family | 3 | 2 | 1,416 | $394,990 | — |
| 15643 SW 280th St Unit 2 | single_family | 3 | 3 | 1,599 | $429,990 | — |
| SW 124th Ave & SW 248th St | townhomes | 3 | 3 | 1,333 | $439,990 | — |
10-year hold projection
IRR0.5%
Equity multiple1.09x
Total return (10yr)$60,850
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $410,970 | $11,866 | -$14,415 | $315,739 | $95,231 |
| 2 | $423,299 | $12,315 | -$14,006 | $312,041 | $111,259 |
| 3 | $435,998 | $12,781 | -$13,583 | $308,088 | $127,910 |
| 4 | $449,078 | $13,263 | -$13,145 | $303,864 | $145,214 |
| 5 | $462,550 | $13,762 | -$12,691 | $299,350 | $163,200 |
| 6 | $476,427 | $14,279 | -$12,220 | $294,526 | $181,901 |
| 7 | $490,720 | $14,813 | -$11,733 | $289,371 | $201,349 |
| 8 | $505,441 | $15,366 | -$11,228 | $283,861 | $221,580 |
| 9 | $520,605 | $15,939 | -$10,705 | $277,974 | $242,631 |
| 10 | $536,223 | $16,531 | -$10,163 | $271,682 | $264,541 |
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.