2586 SE 29th St
Homestead, FL 33035 · condo_townhome_rowhome_coop · For Sale · 42 days on market
Asking price$380,000
3 beds 4 baths — sqft
Suggested offer$205,000$175,000 above the est. market value of $205,000.
View on Realtor.com →Listed by Maria Rodriguez · Brickell Realty Group, LLC
Typecondo_townhome_rowhome_coop
Built2024
Price / sqft—
Est. value (own analysis)$205,000
Rent estimate (own analysis)$2,075/mo
HOANone
1 / 10
Show every detail
Statusfor_sale
Listed date2026-07-22
Removed date—
MLSMiamiMLS #A12058295
Coordinates25.44295, -80.44038
Address2586 SE 29th St
CityHomestead
StateFL
Zip33035
Listing ID9968673370
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33035)
Typical home value (ZHVI)$331,237
Typical rent (ZORI)$2,328/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 | $380,000 |
| Down payment (20.0%) | $76,000 |
| Loan amount | $304,000 |
| Closing costs (5.0%) | $19,000 |
| Total cash to close | $95,000 |
| Income | |
| Rent (comp-derived) | $2,075$24,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,909$22,908 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $602$7,220 |
| Insurance (placeholder 0.8% of price) | $253$3,040 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $104$1,245 |
| Total operating expenses | $959$11,505 |
| 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) | $104$1,245 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,302 | $2,400 | 2026-04-26 | — | |
| condos | 3 | 3 | 1,423 | $1,914 | 2026-03-30 | — | |
| condos | 3 | 2 | 1,099 | $1,800 | 2026-09-02 | — | |
| condos | 3 | 3 | 1,509 | $1,800 | 2026-04-13 | — | |
| apartment | 3 | 2 | 1,099 | $1,850 | 2026-05-22 | — | |
| condos | 3 | 2 | 1,076 | $1,775 | 2026-07-23 | — | |
| condos | 3 | 2 | 1,060 | $1,850 | 2026-07-02 | — | |
| condos | 3 | 3 | 1,302 | $2,000 | 2026-03-21 | — | |
| condos | 3 | 3 | 1,452 | $2,200 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,182 | $1,790 | 2026-06-11 | — | |
| condos | 3 | 2 | 1,024 | $1,850 | 2026-06-23 | — | |
| apartment | 3 | 2 | 1,166 | $2,000 | 2025-02-02 | — | |
| condos | 3 | 3 | 1,423 | $2,000 | 2026-05-30 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-08-11 | — | |
| condos | 3 | 2 | 1,024 | $2,000 | 2026-05-03 | — | |
| condos | 3 | 2 | 1,099 | $2,100 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,182 | $1,900 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,099 | $2,300 | 2026-06-23 | — | |
| condos | 3 | 2 | 1,182 | $1,950 | 2026-07-17 | — | |
| apartment | 3 | 2 | 1,182 | $1,800 | 2026-06-26 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-06-02 | — | |
| condos | 3 | 3 | — | $2,580 | 2026-08-24 | — | |
| condos | 3 | 3 | 1,545 | $2,380 | 2026-05-15 | — | |
| condos | 3 | 2 | 1,060 | $1,900 | 2026-07-15 | — | |
| condos | 3 | 3 | — | $2,450 | 2026-08-11 | — | |
| condos | 3 | 2 | 1,076 | $1,900 | 2026-06-18 | — | |
| condos | 3 | 2 | 1,182 | $1,900 | 2026-07-10 | — | |
| condos | 3 | 2 | 1,099 | $2,175 | 2026-08-14 | — | |
| condos | 3 | 2 | 1,182 | $2,000 | 2026-04-14 | — | |
| condos | 3 | 2 | 1,166 | $2,000 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,024 | $2,000 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,060 | $1,900 | 2026-06-29 | — | |
| condos | 3 | 2 | 1,166 | $2,050 | 2026-07-13 | — | |
| condos | 3 | 2 | 1,060 | $2,000 | 2026-07-10 | — | |
| condos | 3 | 2 | 1,182 | $2,000 | 2026-06-27 | — | |
| condos | 3 | 3 | — | $2,400 | 2026-06-05 | — | |
| condos | 3 | 2 | 1,076 | $2,000 | 2026-04-24 | — | |
| condos | 3 | 2 | 1,182 | $2,300 | 2026-08-05 | — | |
| condos | 3 | 2 | 1,166 | $2,000 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,220 | $2,200 | 2026-03-12 | — | |
| condos | 3 | 2 | 1,166 | $2,300 | 2026-08-04 | — | |
| condos | 3 | 2 | 1,166 | $2,200 | 2026-06-08 | — | |
| condos | 3 | 3 | — | $2,400 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,076 | $2,600 | 2026-06-24 | — | |
| condos | 3 | 3 | 1,612 | $2,590 | 2026-05-07 | — | |
| condos | 3 | 2 | 1,125 | $2,400 | 2026-05-20 | — | |
| apartment | 3 | 3 | 1,387 | $2,394 | — | — | |
| apartment | 3 | 3 | 1,387 | $2,394 | — | — | |
| apartment | 3 | 3 | 1,501 | $2,444 | — | — | |
| apartment | 3 | 3 | 1,501 | $2,498 | — | — | |
| apartment | 3 | 3 | 1,501 | $2,498 | — | — | |
| apartment | 3 | 3 | 1,501 | $2,461 | — | — | |
| apartment | 3 | 3 | 1,701 | $2,518 | — | — | |
| apartment | 3 | 3 | 1,387 | $2,394 | — | — | |
| apartment | 3 | 3 | 1,501 | $2,444 | — | — | |
| apartment | 3 | 3 | 1,387 | $2,343 | — | — | |
| apartment | 3 | 3 | 1,387 | $2,394 | — | — | |
| condos | 3 | 3 | 1,328 | $2,500 | 2026-03-16 | — | |
| condos | 3 | 2 | 1,076 | $2,000 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,099 | $2,100 | 2026-08-31 | — | |
| condos | 3 | 2 | 1,099 | $2,200 | 2026-08-31 | — | |
| condos | 3 | 3 | 1,423 | $2,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2359 SE 23rd Dr Unit 2359 | condos | 3 | 3 | 1,458 | $200,000 | 2026-08-28 |
| 2826 SE 16th Pl Unit 103 | condos | 3 | 2 | 1,060 | $174,000 | 2026-08-14 |
| 1301 SE 28th Ln Unit 206-42 | condos | 3 | 2 | 1,024 | $199,900 | 2026-08-12 |
| 1662 SE 27th Dr Unit 209 | condo | 3 | 2 | 1,076 | $180,000 | 2026-08-07 |
| 2324 SE 23rd Rd Unit 2324 | condos | 3 | 3 | 1,519 | $205,000 | 2026-08-03 |
| 2551 SE 16th Ter Unit 101 | condos | 3 | 2 | 1,166 | $227,000 | 2026-07-31 |
| 1651 SE 28th Ct Unit 105 | condo | 3 | 2 | 1,060 | $235,000 | 2026-07-23 |
| 2911 SE 13th Ave Unit 101 | condo | 3 | 2 | 1,099 | $218,000 | 2026-07-16 |
| 2911 SE 13th Ave Unit 101-49 | condos | 3 | 2 | 1,099 | $218,000 | 2026-07-09 |
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 |
|---|---|---|---|---|---|---|
| 2455 SE 23rd Rd | single_family | 3 | 2 | 2,161 | $569,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,334 | $414,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,828 | $458,990 | — |
| 2455 SE 23rd Road | single_family | 3 | 2 | 1,668 | $397,990 | — |
| Palm Dr & 167th Av | townhomes | 3 | 2 | 1,651 | $444,990 | — |
| 2815 SE 16th Ave Unit 102 | condos | 3 | 2 | 1,166 | $189,000 | — |
| 1651 SE 31st Ct | townhomes | 3 | 3 | 1,518 | $305,000 | — |
| 1543 SE 25th St Unit 204 | condos | 3 | 2 | 1,182 | $200,000 | — |
10-year hold projection
IRR0.8%
Equity multiple1.12x
Total return (10yr)$61,284
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $391,400 | $11,403 | -$13,285 | $300,704 | $90,696 |
| 2 | $403,142 | $11,803 | -$12,917 | $297,182 | $105,961 |
| 3 | $415,236 | $12,216 | -$12,535 | $293,417 | $121,819 |
| 4 | $427,693 | $12,643 | -$12,141 | $289,394 | $138,299 |
| 5 | $440,524 | $13,084 | -$11,734 | $285,095 | $155,429 |
| 6 | $453,740 | $13,540 | -$11,312 | $280,501 | $173,239 |
| 7 | $467,352 | $14,011 | -$10,876 | $275,591 | $191,761 |
| 8 | $481,373 | $14,498 | -$10,425 | $270,344 | $211,028 |
| 9 | $495,814 | $15,001 | -$9,959 | $264,737 | $231,077 |
| 10 | $510,688 | $15,522 | -$9,476 | $258,745 | $251,944 |
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.