




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 22, Palmetto Bay, FL, 33157 uses $87,848 cash to close to unlock $282/yr annual cash flow and $23/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $1,297/mo payment keeps the spread at $23/mo. Purchase price stands at $265,000, and rental yield measures 8.07% with $1,782/mo rent. Return on cash invested shows 20.23% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 105.17% and total cumulative return in cash records $92,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Townhouse
Built in 1974
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Mirta Bacallao • United Real Estate Miami
Mls Name: MIAMI
Mls ID: #A11932722