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Single Family Residence
$629,900$332 / sqft
11863 SW 242ND Terrace, Homestead FL 33032
Listed
4
Bedrooms
3
Bathrooms
1,895 sqft
Interior
2022
Year built
$264 / mo
HOA
Single Family Residence
Type
About this home
FALL IN LOVE WITH THIS 2022-BUILT HOME! This beautiful single-story 4-bedroom, 3-full-bath home sits on a quiet dead-end street, offering a peaceful setting where kids can enjoy playing outside. The spacious open-concept layout features a formal living room, dining area, family room, and stylish coffee/bar area perfect for entertaining. The updated kitchen offers granite countertops, stainless steel appliances, a 2025 stove, and a large pantry with a beautiful farmhouse door, plus plenty of cabinet space. Enjoy high-end plank tile flooring, modern fixtures, and a walk-in closet. Step outside to the BRAND-NEW PERGOLA with two fans and recessed lighting perfect for entertaining day or night. Come see it before someone else calls it home!
Features
- Walk-In Closet(s)
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,449
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,185
- HOA
- $264 / mo
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.That is what landlords ask, not what units let for — edit it if you know better.
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 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. We are not a lender and neither offer nor arrange financing. 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.