For SaleRisky Deal39 days on market
1615 SW 3rd Ct
1615 SW 3rd Ct, Homestead, FL 33030, Homestead, FL 33030
$397,500
Listing Price
1615 SW 3rd Ct, Homestead, FL 33030
Loc: Homestead, FL
Days Listed
39
Tax Assessed
$269k
Lot Size
3,381 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
West Homestead Elementary School
PK-8
0.3 mi away
3
South Dade Senior High School
PK,9-12
3.4 mi away
5
Homestead Middle School
6-8
1.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylestucco exteriorsingle-storypastel yellow paintresidentialdriveway parkinglandscaped shrubswhite window trimfront entrywaysuburbanlow-pitched roofsimple architecture
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.13%
Total ROI
92.0%
Cash Flow
$-33/mo
DSCR
0.98
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-33/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • Strong rental demand in Homestead
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-10 | Price change | $397,500 | $311 |
| 2026-08-21 | Price change | $2,800 | $2 |
| 2026-08-17 | Listed for sale | $405,000 | $316 |
| 2026-07-31 | Listed for rent | $2,975 | $2 |
| 2005-04-11 | Sold | $153,000 | $120 |
| 2004-02-25 | Sold | $99,000 | $77 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,214.95 | $120,304 |
| 2024 | $4,013.39 | $109,368 |
| 2023 | $3,782.68 | $99,426 |
| 2022 | $3,147.72 | $90,388 |
| 2021 | $2,848.5 | $83,000 |
| 2020 | $2,195.34 | $75,455 |
| 2019 | $2,036.24 | $68,596 |
| 2018 | $1,870.96 | $62,360 |
| 2017 | $1,870.96 | $56,691 |
| 2016 | $1,694.59 | $51,538 |
| 2015 | $1,412.03 | $46,853 |
| 2014 | $1,186.12 | $42,594 |
| 2013 | $848.7 | $38,722 |
| 2012 | $848.7 | $37,177 |
| 2011 | $956.67 | $41,595 |
| 2010 | $1,711.64 | $70,003 |
| 2009 | $3,171.36 | $136,829 |
| 2007 | $3,566.31 | $164,461 |
| 2006 | $2,722.39 | $0 |
| 2005 | $2,722.39 | $0 |
| 2004 | $536.36 | $0 |
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