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Listed
Palmetto Bay Gem!!! This must see Totally remodeled home on a canal offers a spectacular outdoor entertaining area that will have your buyers asking "Where do I sign". Family meals will never be the same after you experience the huge covered patio which faces south so you will always have a cool breeze in your back yard / patio. Owners converted the 3rd bedroom to a dream walk-in closet. It can be converted back to a bedroom if buyers require a 3rd bedroom. The sleek and modern kitchen overlooks the covered patio and pool. The state-of-the-art luxury vinyl flooring is just another touch that delivers an elegant appearance. All doors and windows are impact glass. Newer roof with plenty of life left. There's room for a small boat along the canal that allows you to enjoy afternoon sunset cruises. There are two nearby beautiful lakes also accessible by boat. Rare opportunity to find a home of this size completely remodeled which is perfect for the client looking to down size or have that South Florida vacation home.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
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.
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.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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