








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Cutler Bay at 21133 SW 85th Ave APT 313, Cutler Bay, FL, 33189 uses $79,560 cash to close to unlock $677/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $2,088/mo, and a $1,175/mo payment keeps the spread at $56/mo. Purchase price stands at $240,000, and rental yield measures 10.44% with $2,088/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 110.43% and total cumulative return in cash records $87,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,088/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$430 monthly HOA
Neighborhood data shown for ZIP Code: 33189, Miami, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,800 (100%) |
| Owner Occupied HU | 5,592 (57.1%) |
| Renter Occupied HU | 3,940 (40.2%) |
| Vacant Housing Units | 268 ( 2.7%) |
| Median Home Value | $466,823 |
| Average Home Value | $556,060 |
Residential
9,346
Single Family
7,297
Multi-Family
2,049
Businesses
475
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Listed for sale | $240,000 |
| 2014-01-02 | Sold | $64,000 |
| 2013-02-16 | Listing removed | $59,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $2240.28 | 12.88% | $109,055 | 10.00% |
| 2022-02-13 | $1984.64 | 17.69% | $99,141 | 10.00% |
| 2021-02-13 | $1686.35 | 8.04% | $90,129 | 10.00% |



Listed by: Laura Derrick • Keller Williams Realty Premier Properties
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11730315
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.