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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Palmetto Bay at 15385 S Dixie Hwy APT 17, Palmetto Bay, FL, 33157 listed at $299,900 pairs $3,622/mo rent with a $1,468/mo payment to leave $1,256/mo cash flow. Total monthly income runs $3,622/mo, and annual cash flow reaches $15,068/yr on $99,417 cash to close. Return on cash invested measures 35.07% in year one, and rental yield registers 14.49% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 186.36% and total cumulative return in cash totals $185,272. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,622/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1974
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood data shown for ZIP Code: 33157, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,092 (100%) |
| Owner Occupied HU | 15,135 (62.8%) |
| Renter Occupied HU | 7,769 (32.2%) |
| Vacant Housing Units | 1,188 ( 4.9%) |
| Median Home Value | $556,743 |
| Average Home Value | $620,214 |
Residential
24,073
Single Family
19,662
Multi-Family
4,411
Businesses
2,254
Date | Event | Price |
|---|---|---|
| 2024-09-05 | Price change | $299,900 |
| 2024-07-18 | Price change | $309,000 |
| 2024-05-28 | Price change | $329,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | $2980.84 | 18.98% | $143,973 | 10.00% |
| 2022-09-05 | $2505.31 | 9.01% | $130,885 | 10.00% |
| 2021-09-05 | $2298.24 | 11.54% | $118,987 | 10.00% |
Listed by: Roy Ramos • Real Estate TeamMates LLC
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11575010
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
