4241 Palm Ln
Miami, FL 33137 · single_family · For Sale · 402 days on market
Asking price$26,000,000
6 beds 7 baths 6,334 sqft
Suggested offer$8,204,318$17,795,682 above the est. market value of $8,204,318.
View on Realtor.com →Listed by Ana Teresa Rodriguez | ATR Luxury Homes · Coldwell Banker Realty
Typesingle_family
Built2011
Price / sqft$4105
Est. value (own analysis)$8,204,318
Rent estimate (own analysis)$29,750/mo
HOA$393/mo
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Statusfor_sale
Listed date2025-07-28
Removed date—
MLSMiamiMLS #A11842186
Coordinates25.81811, -80.18301
Address4241 Palm Ln
CityMiami
StateFL
Zip33137
Listing ID6112387015
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/mo
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 | $26,000,000 |
| Down payment (20.0%) | $5,200,000 |
| Loan amount | $20,800,000 |
| Closing costs (5.0%) | $1,300,000 |
| Total cash to close | $6,500,000 |
| Income | |
| Rent (comp-derived) | $29,750$357,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $27,370$328,440 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $41,167$494,000 |
| Insurance (placeholder 0.8% of price) | $17,333$208,000 |
| HOA dues | $393$4,716 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,488$17,850 |
| Total operating expenses | $60,381$724,566 |
| 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) | $1,488$17,850 |
| 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 | 6 | 7 | 5,712 | $65,000 | 2026-07-01 | — | |
| single_family | 6 | 5 | 4,432 | $29,500 | 2026-06-17 | — | |
| single_family | 6 | 7 | 5,125 | $14,000 | 2026-04-27 | — | |
| single_family | 6 | 8 | 5,568 | $58,500 | 2026-04-15 | — | |
| single_family | 6 | 7 | 5,697 | $25,000 | 2024-03-30 | — | |
| single_family | 6 | 6 | 5,324 | $30,000 | 2025-10-07 | — |
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 |
|---|---|---|---|---|---|---|
| 790 Lake Rd | single_family | 6 | 8 | 6,361 | $27,250,000 | 2026-07-03 |
| 549 NE 59th St | single_family | 6 | 5 | 4,748 | $6,150,000 | 2026-04-01 |
| 5193408872 | single_family | 6 | 4 | 2,343 | $1,230,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 31 NE 53rd St | single_family | 6 | 2 | 936 | $740,000 | — |
| 3131 NE 7th Ave Unit 4901 | condos | 6 | 7 | 4,549 | $6,000,000 | — |
| 650 NE 32nd St Unit BH2 | condos | 6 | 8 | 6,676 | $4,599,000 | — |
| 770 Lake Rd | single_family | 6 | 7 | 5,421 | $29,500,000 | — |
| 55-53 NE 60th St | multi_family | 6 | 6 | 2,884 | $2,000,000 | — |
| 525 NE 58th St | single_family | 6 | 3 | 3,476 | $3,500,000 | — |
| 52 NE 47th St | multi_family | 6 | 5 | 2,578 | $2,000,000 | — |
10-year hold projection
IRR-10.8%
Equity multiple-0.84x
Total return (10yr)-$8,554,145
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $26,780,000 | -$396,126 | -$2,017,973 | $20,574,482 | $6,205,518 |
| 2 | $27,583,400 | -$404,387 | -$2,026,680 | $20,333,477 | $7,249,923 |
| 3 | $28,410,902 | -$412,805 | -$2,035,556 | $20,075,922 | $8,334,980 |
| 4 | $29,263,229 | -$421,383 | -$2,044,602 | $19,800,681 | $9,462,548 |
| 5 | $30,141,126 | -$430,123 | -$2,053,823 | $19,506,538 | $10,634,588 |
| 6 | $31,045,360 | -$439,028 | -$2,063,220 | $19,192,197 | $11,853,163 |
| 7 | $31,976,721 | -$448,100 | -$2,072,797 | $18,856,269 | $13,120,451 |
| 8 | $32,936,022 | -$457,342 | -$2,082,556 | $18,497,273 | $14,438,749 |
| 9 | $33,924,103 | -$466,755 | -$2,092,501 | $18,113,624 | $15,810,479 |
| 10 | $34,941,826 | -$476,344 | -$2,102,633 | $17,703,629 | $17,238,196 |
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.