8340 SW 151st St
Palmetto Bay, FL 33158 · single_family · For Sale · 62 days on market
Asking price$930,000
3 beds 2 baths 1,800 sqft
Listed by Nina Dahlan · Keller Williams Realty Premier
Typesingle_family
Built1958
Price / sqft$517
Est. value (own analysis)$1,093,590
Rent estimate (own analysis)$5,025/mo
HOANone
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Statusfor_sale
Listed date2026-07-03
Removed date—
MLSMiamiMLS #A12045139
Coordinates25.62984, -80.32851
Address8340 SW 151st St
CityPalmetto Bay
StateFL
Zip33158
Listing ID5026668236
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33158)
Typical home value (ZHVI)$1,383,443
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $930,000 |
| Down payment (20.0%) | $186,000 |
| Loan amount | $744,000 |
| Closing costs (5.0%) | $46,500 |
| Total cash to close | $232,500 |
| Income | |
| Rent (comp-derived) | $5,025$60,300 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,623$55,476 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,473$17,670 |
| Insurance (placeholder 0.8% of price) | $620$7,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $251$3,015 |
| Total operating expenses | $2,344$28,125 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $251$3,015 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 3 | 2 | 1,459 | $4,950 | 2026-08-09 | — | |
| single_family | 3 | 2 | 1,462 | $4,900 | 2026-04-02 | — | |
| single_family | 3 | 2 | 1,617 | $4,500 | 2026-07-17 | — | |
| single_family | 3 | 2 | 1,352 | $5,100 | 2026-08-24 | — | |
| single_family | 3 | 2 | 1,864 | $8,500 | 2026-08-05 | — | |
| single_family | 3 | 2 | 1,404 | $2,885 | 2024-10-26 | — | |
| single_family | 3 | 2 | 1,721 | $5,500 | 2026-03-15 | — | |
| single_family | 3 | 2 | 1,404 | $7,000 | 2026-08-30 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 8245 SW 149th Dr | single_family | 3 | 2 | 2,172 | $1,100,000 | 2026-07-22 |
| 14851 SW 69th Ct | single_family | 3 | 2 | 1,478 | $1,112,500 | 2026-07-13 |
| 14700 Sailfish Dr | single_family | 3 | 2 | 1,720 | $1,475,000 | 2026-07-10 |
| 14421 SW 85th Ave | single_family | 3 | 2 | 2,578 | $950,000 | 2026-07-02 |
| 13800 SW 79th Ct | single_family | 3 | 2 | 2,530 | $1,790,000 | 2026-05-22 |
| 8400 SW 141st St | single_family | 3 | 2 | 1,916 | $775,000 | 2026-05-18 |
| 6875 N Cartee Rd | single_family | 3 | 3 | 2,755 | $2,185,000 | 2026-05-01 |
| 14941 SW 69th Ct | single_family | 3 | 2 | 1,415 | $1,375,000 | 2026-04-28 |
| 13901 SW 78th Pl | single_family | 3 | 2 | 2,086 | $950,000 | 2026-04-10 |
| 8160 SW 137th St | single_family | 3 | 2 | 2,031 | $600,000 | 2026-04-07 |
| 8465 SW 143rd St | single_family | 3 | 2 | 1,390 | $815,000 | 2026-03-20 |
| 8360 SW 148th Dr | single_family | 3 | 2 | 1,566 | $1,100,000 | 2026-02-27 |
| 7870 SW 141st Ter | single_family | 3 | 2 | 1,854 | $1,565,000 | 2026-01-12 |
| 8225 SW 151st St | single_family | 3 | 2 | 2,352 | $1,250,000 | 2025-12-18 |
| 8041 SW 139th Ter | single_family | 3 | 2 | 1,803 | $999,000 | 2025-12-12 |
| 13905 SW 78th Ct | single_family | 3 | 2 | 1,592 | $980,000 | 2025-12-05 |
| 7805 SW 141st St | single_family | 3 | 3 | 2,813 | $1,150,000 | 2025-11-24 |
| 14701 SW 84th Ct | single_family | 3 | 3 | 1,817 | $1,105,000 | 2025-11-06 |
| 6600 SW 144th St | single_family | 3 | 3 | — | $1,300,000 | 2025-10-14 |
| 14625 SW 83rd Pl | single_family | 3 | 2 | 1,933 | $1,550,000 | 2025-09-15 |
| 7420 SW 140th Ter | single_family | 3 | 2 | 2,216 | $1,345,000 | 2025-09-04 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 13633 Deering Bay Dr Apt 256 | condos | 3 | 4 | 2,980 | $1,850,000 | — |
| 8261 SW 142nd St | single_family | 3 | 2 | 2,324 | $1,179,000 | — |
| 6305 Marlin Dr | single_family | 3 | 2 | 1,922 | $1,200,000 | — |
| 8265 SW 149th Dr | single_family | 3 | 2 | 1,890 | $1,299,000 | — |
| 13647 Deering Bay Dr Apt 142 | condos | 3 | 4 | 3,140 | $1,995,000 | — |
| 15190 Old Cutler Rd | single_family | 3 | 2 | 3,204 | $1,399,000 | — |
| 13730 SW 75th Ave | single_family | 3 | 2 | 2,123 | $1,075,000 | — |
| 13621 Deering Bay Dr Apt 502 | condos | 3 | 4 | 2,972 | $2,299,000 | — |
10-year hold projection
IRR0.6%
Equity multiple1.10x
Total return (10yr)$143,956
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $957,900 | $27,351 | -$33,038 | $735,933 | $221,967 |
| 2 | $986,637 | $28,312 | -$32,152 | $727,313 | $259,324 |
| 3 | $1,016,236 | $29,306 | -$31,236 | $718,100 | $298,136 |
| 4 | $1,046,723 | $30,333 | -$30,288 | $708,255 | $338,468 |
| 5 | $1,078,125 | $31,394 | -$29,308 | $697,734 | $380,391 |
| 6 | $1,110,469 | $32,491 | -$28,294 | $686,491 | $423,978 |
| 7 | $1,143,783 | $33,625 | -$27,245 | $674,475 | $469,308 |
| 8 | $1,178,096 | $34,797 | -$26,161 | $661,634 | $516,462 |
| 9 | $1,213,439 | $36,008 | -$25,039 | $647,911 | $565,528 |
| 10 | $1,249,842 | $37,259 | -$23,880 | $633,246 | $616,596 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.