24600 SW 129th Ave Unit 12
Homestead, FL 33032 · townhomes · For Sale · 34 days on market
Asking price$325,000
2 beds 2 baths 1,174 sqft
Suggested offer$293,087$31,913 above the est. market value of $293,087.
View on Realtor.com →Listed by Michael Mireles · Miami Realty Dreams Inc.
Typetownhomes
Built2022
Price / sqft$277
Est. value (own analysis)$293,087
Rent estimate (own analysis)$2,400/mo
HOA$251/mo
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Statusfor_sale
Listed date2026-07-30
Removed date—
MLSMiamiMLS #A12060773
Coordinates25.53818, -80.40106
Address24600 SW 129th Ave Unit 12
CityHomestead
StateFL
Zip33032
Listing ID9960037968
Sourceus-real-estate-listings, cached 2026-08-27
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 | $325,000 |
| Down payment (20.0%) | $65,000 |
| Loan amount | $260,000 |
| Closing costs (5.0%) | $16,250 |
| Total cash to close | $81,250 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $515$6,175 |
| Insurance (placeholder 0.8% of price) | $217$2,600 |
| HOA dues | $251$3,012 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,102$13,227 |
| 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) | $120$1,440 |
| 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 | 2 | 3 | 1,422 | $2,400 | 2026-06-17 | — | |
| townhomes | 2 | 3 | 1,422 | $2,500 | 2026-06-27 | — | |
| townhomes | 2 | 3 | 1,351 | $2,350 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 11477 SW 248th | townhomes | 2 | 3 | 1,422 | $342,000 | 2026-08-06 |
| 11573 SW 248th Ter Unit 11573 | townhomes | 2 | 3 | 1,422 | $355,000 | 2026-07-30 |
| 27546 SW 142nd Ave | townhomes | 2 | 2 | 1,580 | $395,000 | 2026-07-13 |
| 24951 SW 114th Ct | townhomes | 2 | 2 | 1,422 | $370,000 | 2026-07-06 |
| 26201 SW 135th Ave | townhomes | 2 | 2 | 1,568 | $265,000 | 2026-06-25 |
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 |
|---|---|---|---|---|---|---|
| 14830 Naranja Lakes Blvd Unit A1N | condos | 2 | 2 | 1,075 | $154,900 | — |
| 14840 Naranja Lakes Blvd Unit C1L | condos | 2 | 2 | 1,075 | $144,900 | — |
| 14830 Naranja Lakes Blvd Unit A3A | condos | 2 | 2 | 1,075 | $164,900 | — |
| 14850 Naranja Lakes Blvd Unit B1G | condos | 2 | 2 | 1,075 | $157,000 | — |
| 14850 Naranja Lakes Blvd Unit B3A | condos | 2 | 2 | 1,075 | $145,900 | — |
| 23600 SW 122nd Ave | single_family | 2 | 1 | — | $625,000 | — |
| condos | 2 | 2 | 1,075 | $215,000 | — | |
| 14211 SW 272nd Ln | townhomes | 2 | 3 | 1,408 | $339,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.58x
Total return (10yr)$89,405
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $334,750 | $13,269 | -$8,221 | $257,181 | $77,569 |
| 2 | $344,793 | $13,733 | -$7,793 | $254,168 | $90,624 |
| 3 | $355,136 | $14,213 | -$7,350 | $250,949 | $104,187 |
| 4 | $365,790 | $14,709 | -$6,892 | $247,508 | $118,282 |
| 5 | $376,764 | $15,221 | -$6,418 | $243,832 | $132,932 |
| 6 | $388,067 | $15,751 | -$5,928 | $239,902 | $148,165 |
| 7 | $399,709 | $16,298 | -$5,422 | $235,703 | $164,006 |
| 8 | $411,700 | $16,864 | -$4,898 | $231,216 | $180,484 |
| 9 | $424,051 | $17,449 | -$4,356 | $226,420 | $197,631 |
| 10 | $436,773 | $18,053 | -$3,796 | $221,295 | $215,478 |
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.