For SaleRisky Deal24 days on market
502 NW 7th Ave
502 NW 7th Ave, Homestead, FL 33030, Homestead, FL 33030
$460,000
Listing Price
502 NW 7th Ave, Homestead, FL 33030
Loc: Homestead, FL
Days Listed
24
Tax Assessed
$316k
Lot Size
7,102 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
1 mi away
3
South Dade Senior High School
PK,9-12
2.5 mi away
5
Homestead Middle School
6-8
0.3 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
single-storyranch-stylestucco-exteriorgray-paintcarportconcrete-drivewaywhite-fencearched-entrywaycolumnsresidentialtropical-landscapingsuburbanmodestlow-pitched-roof
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.12%
Total ROI
91.8%
Cash Flow
$-41/mo
DSCR
0.98
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-41/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 |
|---|---|---|---|
| 2026-09-02 | Listed for sale | $460,000 | $379 |
| 2016-09-19 | Sold | $160,000 | $132 |
| 2016-07-08 | Price change | $165,900 | $137 |
| 2016-07-07 | Pending sale | $149,900 | $123 |
| 2016-07-05 | Listed for sale | $149,900 | $123 |
| 2016-04-28 | Sold | $90,000 | $74 |
| 2008-11-04 | Sold | $90,000 | $74 |
| 2008-09-15 | Price change | $98,900 | $81 |
| 2008-07-15 | Listed for sale | $104,900 | $86 |
| 2008-05-30 | Sold | $7,000 | $6 |
| 2006-05-31 | Sold | $230,000 | $189 |
| 2004-07-29 | Sold | $136,000 | $112 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,572.87 | $139,362 |
| 2024 | $3,658.49 | $135,435 |
| 2023 | $3,570.06 | $131,491 |
| 2022 | $2,315.77 | $127,662 |
| 2021 | $2,197.91 | $119,495 |
| 2020 | $1,677.54 | $117,846 |
| 2019 | $1,624.66 | $115,197 |
| 2018 | $1,542.05 | $113,050 |
| 2017 | $1,542.05 | $114,023 |
| 2016 | $1,587.28 | $46,413 |
| 2015 | $1,076.31 | $42,194 |
| 2014 | $1,011.01 | $38,359 |
| 2013 | $856.7 | $34,872 |
| 2012 | $856.7 | $37,528 |
| 2011 | $945.78 | $41,121 |
| 2010 | $1,987.75 | $81,295 |
| 2009 | $3,133.18 | $135,182 |
| 2007 | $3,341.99 | $154,117 |
| 2006 | $2,676.35 | $0 |
| 2005 | $2,676.35 | $0 |
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