8701 SW 141st St APT K3, Palmetto Bay, FL, 33176 | $36/mo Cash Flow

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8701 SW 141st St APT K3, Palmetto Bay, FL, 33176 | $36/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Palmetto Bay at 8701 SW 141st St APT K3, Palmetto Bay, FL, 33176 offers a 10.43% rental yield on a $295,000 purchase with $2,563/mo rent. Total monthly income registers $2,563/mo, and a $1,444/mo payment leaves $36/mo available for distribution. Annual cash flow reaches $436/yr on $97,793 to close, and return on cash invested stands at 20.36% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 108.39% and total cumulative return in cash at $105,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,563/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

$560 monthly HOA

More details about the property

This completely remodeled apartment is the perfect mix between accessibility and serenity. The Falls is a short walk across the street with brand new restaurants opening as we speak. When you come home you'll be welcomed by a remodeled kitchen with 2 year old appliances and remodeled bathrooms. For guests, they have their very own FULL bathroom and hot water never runs out since this is equipped with a tankless water heater that was installed 2 years ago. You'll access your private porch overlooking the pool and well maintained landscape. Amenities worth noting: - Water & Sewer included in HOA - Tankless Water Heater - Dishwasher - Impact windows - Ceiling fans(in each room) - Pool - Freebee(Free Ride share to Falls + Palmetto Bay)

Neighborhood Data

Neighborhood data shown for ZIP Code: 33176, Miami, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,588 (100%)
Owner Occupied HU	12,744 (68.6%)
Renter Occupied HU	5,081 (27.3%)
Vacant Housing Units	763 ( 4.1%)
Median Home Value	$656,787
Average Home Value	$712,741