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Single Family Residence
$450,000$360 / sqft
2240 NE 37th Rd, Homestead FL 33033
Listed
3
Bedrooms
2
Bathrooms
1,250 sqft
Interior
2004
Year built
$135 / mo
HOA
Single Family Residence
Type
About this home
Welcome to Homestead’s Portofino Bay neighborhood in the highly sought-after Waterstone Gated Community—perfectly positioned in the heart of fabulous Homestead with everyday essentials and top conveniences just minutes away. Enjoy quick access to Baptist Hospital, great schools, hotels, shopping, dining, and major highways for easy travel north and south. This spacious, bright 3-bedroom, 2-bath single-story home features a generous living areas, formal dining, and a well-planned kitchen with a breakfast nook, garage for secure parking and extra storage, along with 2-car parking driveway for added convenience. Soaring vaulted ceilings up to 15 feet add an airy, open feel, while the large bedrooms offer ample closet space throughout. Step outside to a peaceful backyard and patio—perfect for relaxing, entertaining, or enjoying the Florida sunshine. Don’t wait to schedule a visit to this exceptional home. Make it yours!
Features
- First Floor Entry
- Closet Cabinetry
- Pantry
- Volume Ceilings
- Walk-In Closet(s)
- Attic
- Florida Room
- Garden
- Other
Location
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 $3,200–$5,100.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.