15401 SW 81st Ave
Palmetto Bay, FL 33157 · single_family · For Sale · 182 days on market
Asking price$1,499,000
5 beds 4 baths 2,713 sqft
Suggested offer$1,211,165$287,835 above the est. market value of $1,211,165.
View on Realtor.com →Listed by Drew Kern · BHHS EWM Realty
Typesingle_family
Built1969
Price / sqft$553
Est. value (own analysis)$1,211,165
Rent estimate (own analysis)$7,000/mo
HOANone
1 / 37
Show every detail
Statusfor_sale
Listed date2026-03-04
Removed date—
MLSMiamiMLS #A11976276
Coordinates25.62736, -80.32407
Address15401 SW 81st Ave
CityPalmetto Bay
StateFL
Zip33157
Listing ID9850969137
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33157)
Typical home value (ZHVI)$630,585
Typical rent (ZORI)$2,736/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 | $1,499,000 |
| Down payment (20.0%) | $299,800 |
| Loan amount | $1,199,200 |
| Closing costs (5.0%) | $74,950 |
| Total cash to close | $374,750 |
| Income | |
| Rent (comp-derived) | $7,000$84,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $6,440$77,280 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,373$28,481 |
| Insurance (placeholder 0.8% of price) | $999$11,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $350$4,200 |
| Total operating expenses | $3,723$44,673 |
| 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) | $350$4,200 |
| 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 | 5 | 3 | 2,406 | $4,400 | 2026-07-03 | — | |
| single_family | 5 | 4 | 2,216 | $13,800 | 2026-08-27 | — | |
| single_family | 5 | 4 | 3,639 | $9,500 | 2026-02-26 | — | |
| single_family | 5 | 4 | 3,399 | $5,500 | 2026-06-06 | — | |
| single_family | 5 | 4 | 3,129 | $10,700 | 2026-08-31 | — | |
| single_family | 5 | 3 | 2,047 | $4,250 | 2026-07-28 | — | |
| single_family | 5 | 4 | 3,312 | $9,000 | 2026-06-25 | — | |
| single_family | 5 | 4 | 2,702 | $7,000 | 2026-07-13 | — | |
| single_family | 5 | 3 | 1,864 | $4,800 | 2026-05-28 | — |
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 |
|---|---|---|---|---|---|---|
| 10315 SW 200th St | single_family | 5 | 3 | 2,278 | $550,000 | 2026-08-28 |
| 8298 SW 173rd Ter | single_family | 5 | 5 | 3,047 | $1,680,000 | 2026-08-26 |
| 19711 Whispering Pines Rd | single_family | 5 | 2 | 2,130 | $699,000 | 2026-08-14 |
| 7600 SW 168th St | single_family | 5 | 3 | 2,112 | $1,595,000 | 2026-08-07 |
| 16889 SW 73rd Ct | single_family | 5 | 3 | 3,985 | $2,700,000 | 2026-08-06 |
| 18601 SW 98th Ave | single_family | 5 | 3 | 2,176 | $645,000 | 2026-08-03 |
| 16085 SW 84th Pl | single_family | 5 | 3 | 3,102 | $1,600,000 | 2026-07-30 |
| 7605 SW 160th Ter | single_family | 5 | 3 | 3,248 | $1,400,000 | 2026-07-21 |
| 19528 SW 79th Pl | single_family | 5 | 4 | 3,061 | $850,000 | 2026-07-20 |
| 7613 SW 188th Ter | single_family | 5 | 4 | 4,717 | $1,100,000 | 2026-07-17 |
| 7786 SW 188th Ter | single_family | 5 | 4 | 3,945 | $1,339,000 | 2026-07-13 |
| 17721 SW 75th Ave | single_family | 5 | 3 | 3,610 | $1,650,000 | 2026-07-06 |
| 15210 SW 74th Ct | single_family | 5 | 5 | 3,963 | $1,790,000 | 2026-06-26 |
| 8513 SW 169th Ter | single_family | 5 | 4 | 3,517 | $1,799,000 | 2026-06-26 |
| 8765 SW 175th St | single_family | 5 | 4 | 2,337 | $1,685,000 | 2026-06-23 |
| 16230 SW 89th Ct | single_family | 5 | 4 | 3,209 | $1,476,000 | 2026-06-22 |
| 7944 SW 187th St | single_family | 5 | 3 | 2,935 | $1,185,000 | 2026-06-22 |
| 16723 SW 78th Pl | single_family | 5 | 4 | 3,535 | $1,600,000 | 2026-06-18 |
| 9078 SW 157th St | single_family | 5 | 3 | 3,696 | $400,000 | 2026-06-16 |
| 17914 SW 83rd Ct | single_family | 5 | 4 | 3,375 | $970,000 | 2026-06-16 |
| 19112 SW 95th Ave | single_family | 5 | 3 | 2,047 | $635,000 | 2026-06-15 |
| 7231 SW 174th St | single_family | 5 | 3 | 3,023 | $2,250,000 | 2026-06-15 |
| 16255 SW 82nd Ave | single_family | 5 | 4 | 2,970 | $1,925,000 | 2026-06-12 |
| 7720 SW 176th St | single_family | 5 | 4 | 3,282 | $1,500,000 | 2026-06-12 |
| 9805 Marlin Rd | single_family | 5 | 2 | 1,360 | $600,000 | 2026-06-05 |
| 7521 SW 175th St | single_family | 5 | 4 | 2,722 | $1,175,000 | 2026-06-05 |
| 8561 SW 167th Ter | single_family | 5 | 4 | 3,771 | $1,750,000 | 2026-06-04 |
| 7796 SW 193rd Ln | single_family | 5 | 4 | 3,459 | $900,000 | 2026-06-02 |
| 7996 SW 195th St | single_family | 5 | 5 | 3,982 | $1,085,000 | 2026-06-01 |
| 8255 SW 184th St | single_family | 5 | 6 | 6,122 | $3,175,000 | 2026-05-11 |
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 |
|---|---|---|---|---|---|---|
| 11600 SW 181st Ter | single_family | 5 | 4 | 2,200 | $685,000 | — |
| 10750 SW 173rd St | single_family | 5 | 3 | 2,685 | $699,999 | — |
| 10660 SW 164th St | single_family | 5 | 3 | 2,255 | $730,000 | — |
| 9710 SW 159th St | single_family | 5 | 4 | 2,161 | $700,000 | — |
| 10300 SW 155th St | single_family | 5 | 3 | 1,590 | $760,000 | — |
| 10215 SW 171st St | single_family | 5 | 4 | 2,210 | $600,000 | — |
| 15725 SW 102nd Pl | single_family | 5 | 3 | 2,060 | $699,000 | — |
| 11617 SW 171st St | single_family | 5 | 4 | 1,862 | $650,000 | — |
10-year hold projection
IRR-1.4%
Equity multiple0.76x
Total return (10yr)$107,668
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,543,970 | $32,607 | -$64,070 | $1,186,198 | $357,772 |
| 2 | $1,590,289 | $33,809 | -$62,973 | $1,172,303 | $417,986 |
| 3 | $1,637,998 | $35,052 | -$61,837 | $1,157,454 | $480,544 |
| 4 | $1,687,138 | $36,338 | -$60,661 | $1,141,586 | $545,552 |
| 5 | $1,737,752 | $37,669 | -$59,444 | $1,124,627 | $613,125 |
| 6 | $1,789,884 | $39,045 | -$58,183 | $1,106,504 | $683,380 |
| 7 | $1,843,581 | $40,469 | -$56,878 | $1,087,137 | $756,444 |
| 8 | $1,898,888 | $41,942 | -$55,527 | $1,066,439 | $832,449 |
| 9 | $1,955,855 | $43,466 | -$54,128 | $1,044,320 | $911,535 |
| 10 | $2,014,531 | $45,042 | -$52,679 | $1,020,683 | $993,848 |
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.