15735 SW 89th AvePalmetto BayFL33157
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Palmetto Bay at 15735 SW 89th Ave, Palmetto Bay, FL, 33157 generates $8,832/mo in rent and, after a $4,821/mo payment, leaves $2,087/mo in cash flow. Total monthly income is $8,832/mo, and annual cash flow is $25,044/yr on $324,065 invested. Return on cash invested sits at 27.79% in year one, and rental yield is 10.76% on a $985,000 entry. Equity gained on principal adds $6,356/yr, while 5% annual appreciation builds toward $272,137 over five years. Five-year ROI reaches 145.92% and total cumulative return in cash sums $472,882. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,832/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33157, Miami, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
24,073
Single Family
19,662
Multi-Family
4,411
Businesses
2,254
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Listed by: Dylan Calhoun • Keller Williams Dedicated Professionals
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11603536
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.