14975 SW 89th Ave
Palmetto Bay, FL 33176 · single_family · For Sale · 49 days on market
Asking price$1,125,000
4 beds 3 baths 2,926 sqft
Listed by Drew Kern · BHHS EWM Realty
Typesingle_family
Built1965
Price / sqft$384
Est. value (own analysis)$1,364,599
Rent estimate (own analysis)$5,450/mo
HOANone
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Statusfor_sale
Listed date2026-07-15
Removed date—
MLSMiamiMLS #A12054068
Coordinates25.63110, -80.33745
Address14975 SW 89th Ave
CityPalmetto Bay
StateFL
Zip33176
Listing ID6935479823
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33176)
Typical home value (ZHVI)$630,508
Typical rent (ZORI)$2,301/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 | $1,125,000 |
| Down payment (20.0%) | $225,000 |
| Loan amount | $900,000 |
| Closing costs (5.0%) | $56,250 |
| Total cash to close | $281,250 |
| Income | |
| Rent (comp-derived) | $5,450$65,394 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,014$60,162 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,781$21,375 |
| Insurance (placeholder 0.8% of price) | $750$9,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $272$3,270 |
| Total operating expenses | $2,804$33,645 |
| 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) | $272$3,270 |
| 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
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 2 | 2,324 | $6,250 | 2026-07-16 | — | |
| single_family | 4 | 3 | 1,989 | $3,500 | 2026-07-06 | — | |
| single_family | 4 | 2 | 2,037 | $5,900 | 2026-06-26 | — | |
| single_family | 4 | 3 | 2,417 | $8,500 | 2026-06-23 | — | |
| single_family | 4 | 2 | 1,955 | $10,000 | 2026-05-22 | — | |
| single_family | 4 | 3 | 2,408 | $4,000 | — | — | |
| single_family | 4 | 3 | 1,910 | $3,300 | — | — | |
| single_family | 4 | 3 | 2,408 | $4,999 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 11430 SW 101 TER | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,270 | $1,100,000 | 2026-06-10 |
| 10204 SW 96 CT | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,633 | $1,640,000 | 2026-06-08 |
| 11905 SW 107 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,132 | $900,000 | 2026-05-29 |
| 9511 SW 93 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,455 | $1,625,000 | 2026-05-26 |
| 10020 SW 102 AVENUE RD | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,303 | $940,000 | 2026-04-29 |
| 10364 SW 117 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,972 | $975,000 | 2026-04-24 |
| 9400 SW 100 AVENUE RD | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,195 | $845,000 | 2026-04-16 |
| 9940 SW 97 CT | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,777 | $860,000 | 2026-04-14 |
| 9066 SW 112 CT | SINGLE FAMILY : CLUSTER HOME | 4 | 3 | 1,952 | $705,000 | 2026-03-26 |
| 10485 SW 109 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,406 | $975,000 | 2026-03-16 |
| 10901 SW 116 AVE | SINGLE FAMILY : CLUSTER HOME | 4 | 3 | 2,112 | $905,000 | 2026-02-25 |
| 9339 SW 98 PL | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,058 | $1,055,000 | 2026-02-23 |
| 10361 SW 119 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,972 | $1,120,000 | 2026-02-23 |
| 11624 SW 93 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,090 | $1,075,000 | 2026-02-17 |
| 9660 SW 105 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,785 | $861,000 | 2026-02-12 |
| 11471 SW 105 TER | SINGLE FAMILY : CLUSTER HOME | 4 | 3 | 2,114 | $940,000 | 2026-02-12 |
| 9450 SW 98 ST | SINGLE FAMILY : 1 UNIT | 4 | 4 | 4,338 | $4,100,000 | 2026-01-30 |
| 10440 SW 110 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,042 | $945,000 | 2026-01-12 |
| 11220 SW 99 CT | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,973 | $1,050,000 | 2025-12-30 |
| 10001 SW 99 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,982 | $794,300 | 2025-12-23 |
| 8735 SW 118 ST | SINGLE FAMILY : 1 UNIT | 4 | 3 | 2,727 | $1,900,000 | 2025-12-22 |
| 10733 SW 97 TER | SINGLE FAMILY : 1 UNIT | 4 | 4 | 4,093 | $1,435,000 | 2025-12-17 |
| 8741 SW 97 TER | SINGLE FAMILY : 1 UNIT | 4 | 3 | 2,628 | $1,740,000 | 2025-12-05 |
| 9020 SW 103 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,209 | $99,500 | 2025-12-04 |
| 9701 SW 96 CT | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,994 | $1,975,000 | 2025-12-03 |
| 10860 SW 116 ST | SINGLE FAMILY : 1 UNIT | 4 | 4 | 3,582 | $1,190,000 | 2025-12-01 |
| 11544 SW 98 PL | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,632 | $1,250,000 | 2025-12-01 |
| 11220 SW 95 ST | SINGLE FAMILY : 1 UNIT | 4 | 6 | 6,128 | $4,510,000 | 2025-11-17 |
| 11614 SW 101 TER | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,937 | $851,000 | 2025-11-06 |
| 11605 SW 100 TER | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,963 | $800,000 | 2025-10-28 |
| 9881 SW 103 ST | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,561 | $1,300,000 | 2025-10-27 |
| 10420 SW 115 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,476 | $750,000 | 2025-10-20 |
| 10404 SW 87 CT | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,227 | $1,800,000 | 2025-10-17 |
| 8803 SW 93 CT | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,618 | $1,375,000 | 2025-10-15 |
| 10420 SW 102 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,771 | $880,000 | 2025-10-11 |
| 11570 SW 92 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,001 | $805,000 | 2025-10-09 |
| 10980 SW 116 ST | SINGLE FAMILY : 1 UNIT | 4 | 3 | 1,986 | $700,000 | 2025-10-03 |
| 10480 SW 93 TER | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,907 | $875,000 | 2025-09-23 |
| 9720 SW 104 CT | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,701 | $925,000 | 2025-08-22 |
| 10321 SW 102 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,084 | $1,230,000 | 2025-08-06 |
| 9710 SW 103 AVE | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,589 | $720,000 | 2025-07-30 |
| 9990 SW 90 AVE | SINGLE FAMILY : 1 UNIT | 4 | 3 | 7,563 | $5,300,000 | 2025-07-14 |
| 11625 SW 100 TER | SINGLE FAMILY : 1 UNIT | 4 | 3 | 2,402 | $1,031,000 | 2025-07-10 |
| 8901 SW 88 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,214 | $825,000 | 2025-07-09 |
| 9030 SW 92 CT | SINGLE FAMILY : 1 UNIT | 4 | 3 | 3,005 | $1,525,000 | 2025-06-30 |
| 9480 SW 99 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,737 | $1,555,000 | 2025-06-26 |
| 9425 SW 94 CT | SINGLE FAMILY : 1 UNIT | 4 | 4 | 4,339 | $3,000,000 | 2025-06-16 |
| 11905 SW 99 CT | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,772 | $1,007,000 | 2025-05-31 |
| 9641 SW 94 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 2,447 | $1,150,000 | 2025-05-29 |
| 10300 SW 102 ST | SINGLE FAMILY : 1 UNIT | 4 | 2 | 1,859 | $337,800 | 2025-05-23 |
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 |
|---|---|---|---|---|---|---|
| 12425 SW 91st Ave | single_family | 4 | 3 | 2,081 | $1,249,000 | — |
| 11380 SW 131st St | single_family | 4 | 3 | 2,620 | $1,100,000 | — |
| 10435 SW 92nd St | single_family | 4 | 2 | 2,097 | $1,175,000 | — |
| 14800 Buchanan St | single_family | 4 | 2 | 1,255 | $449,000 | — |
| 10890 SW 95th St | single_family | 4 | 3 | 2,403 | $2,200,000 | — |
| 12300 SW 112th Ave | single_family | 4 | 3 | 2,220 | $1,375,000 | — |
| 9424 SW 123rd Ter | single_family | 4 | 4 | 3,452 | $1,750,000 | — |
| 13140 SW 112th Ave | single_family | 4 | 2 | 1,948 | $1,800,000 | — |
10-year hold projection
IRR-1.0%
Equity multiple0.84x
Total return (10yr)$102,976
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,158,750 | $26,518 | -$46,156 | $890,242 | $268,508 |
| 2 | $1,193,513 | $27,482 | -$45,274 | $879,814 | $313,699 |
| 3 | $1,229,318 | $28,478 | -$44,360 | $868,670 | $360,648 |
| 4 | $1,266,197 | $29,510 | -$43,415 | $856,760 | $409,437 |
| 5 | $1,304,183 | $30,576 | -$42,437 | $844,033 | $460,150 |
| 6 | $1,343,309 | $31,679 | -$41,424 | $830,432 | $512,877 |
| 7 | $1,383,608 | $32,820 | -$40,376 | $815,897 | $567,712 |
| 8 | $1,425,116 | $33,999 | -$39,291 | $800,363 | $624,753 |
| 9 | $1,467,870 | $35,219 | -$38,168 | $783,763 | $684,107 |
| 10 | $1,511,906 | $36,481 | -$37,006 | $766,023 | $745,883 |
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.