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Condominium at 1240 SE 31st Ct # 32, Homestead FL 33035Active
Condominium
$238,000$217 / sqft

1240 SE 31st Ct # 32, Homestead FL 33035

3
Bedrooms
2
Bathrooms
1,099 sqft
Interior
2004
Year built
$298 / mo
HOA
Condominium
Type

About this home

Excellent investment property. This spacious 3 bedroom / 2 bathroom home features tiled flooring. Stainless steel appliances, HVAC unit, water heater, all installed 24 mths ago. This property is located in a gated community with 24-hr security and community pool. This move-in ready home will not last long. Property is located minutes away from the Florida Keys. Price to sell.

Features

  • First Floor Entry
  • Pantry
  • Volume Ceilings
  • Walk-In Closet(s)
  • Family Room
  • Garden View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$1,501

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,203
HOA
$298 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Premier Star Realty

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.