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Condominium
$235,000$214 / sqft
1261 SE 31st Ct # 53, Homestead FL 33035
Listed
3
Bedrooms
2
Bathrooms
1,099 sqft
Interior
2004
Year built
$370 / mo
HOA
Condominium
Type
About this home
Great 3BR/2BA Condo with Lake Views! Fantastic opportunity to own a 3-bedroom, 2-bathroom corner unit in a gated community. Located on the 1st floor w/ an extra storage room, this property features beautiful lake views from the kitchen & primary bedroom. The interior boasts tile and laminate flooring, a well-appointed kitchen, and nice bathrooms, with washer and dryer in the unit. Prime location – just minutes from top-rated schools, shopping, US-1, the Turnpike, Homestead Air Reserve Base, Baptist Hospital, & the FPL plant. Low HOA fees, easy-to-maintain property.
Features
- First Floor Entry
- Garden View
- Lake
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.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.