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Single Family Residence
$799,000$434 / sqft
8931 SW 156th St, Palmetto Bay FL 33157
Listed
3
Bedrooms
2
Bathrooms
1,841 sqft
Interior
1970
Year built
None
HOA
Single Family Residence
Type
About this home
Fantastic opportunity to own a home in the heart of North Palmetto Bay! This well-maintained 3-bedroom, 2-bath home features a spacious layout with formal living and dining rooms, a cozy kitchen with pantry, and a generous family room overlooking the pool that could easily be turned into an in-law's suite. Additional features include accordion shutters, an interior laundry room, CAT5 wiring, and a 1-car garage. Enjoy the fenced backyard with a patio, pool, and storage sheds. Conveniently located near A-rated schools, shopping, and dining, this move in ready home offers wonderful potential in a sought-after neighborhood.
Features
- First Floor Entry
- Stacked Bedroom
- Walk-In Closet(s)
- Family Room
- Utility Room/Laundry
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,040
Loan payment and HOA only. Property tax and insurance are significant here and are included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.