Investing in Homestead, FL 33033: what the numbers really say
We analyzed 21 single-family homes and other properties currently active in Homestead, FL 33033 (Miami-Dade County) to answer the question every foreign investor asks first: what does this actually return, after the costs no one mentions upfront?
Properties in this zip currently show an average cap rate of 1.2% and a gross rental yield of 7.3%, with prices ranging from $234,500 to $727,490.
Annual net operating income over price. Excludes mortgage.
Gross annual rent over price, before expenses.
Price over gross annual rent — lower means the property "pays for itself" faster.
Hidden costs in this zone
Annual property tax
$10,682
Annual HOA
$1,544
Annual insurance
$10,738
Wind/flood exposure zone — real insurance can vary by year built and exact FEMA zone.
Estimates for informational purposes only. Not investment or financial advice.
Example properties in this zone
Real metrics, no gallery — full detail with photos and address is shared once you unlock the report.
$515,000
Single Family · 1735 sqft
$481,000
Townhouse
$727,490
Single Family · 2878 sqft
Frequently asked questions
What is the average cap rate in Homestead, FL 33033?
Based on 21 properties analyzed by Imnoba, the average cap rate in Homestead, FL 33033 is 1.2%, with a gross rental yield of 7.3% and a GRM of 13.7. This is an Imnoba estimate based on typical market rent for the area, not a guaranteed return.
Is short-term rental (Airbnb) legal in Homestead?
We haven't verified the specific short-term rental ordinance for Homestead yet — always confirm with the city and the HOA/condo documents before counting on this income.
How much is property tax in Miami-Dade County?
Properties analyzed in this zip show an average annual property tax of $10,682. This figure combines real tax data from listings where available and an Imnoba estimate (typical effective rate for Miami-Dade County) where it isn't — always confirmed as reliable but not guaranteed.
How expensive is insurance in Homestead, FL 33033?
Imnoba estimates an average annual insurance cost of $10,738 for properties in this zone — this area has wind/flood exposure, so real premiums can vary significantly by year built and exact FEMA zone. This is an estimate; always get a real quote from a Florida-licensed insurance agent before closing.
What type of property is most common in Homestead, FL 33033?
Of the 21 properties Imnoba analyzed in this zip, single-family homes are the most common property type.