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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cutler Bay at 8620 SW 212th St APT 101, Cutler Bay, FL, 33189 generates $2,520/mo in rent, after a $1,615/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 17.06% in year one, and rental yield is 9.16% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 90.52% and total cumulative return in cash sums $99,023. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$590 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 |
|---|---|---|
| 2025-01-31 | Price change | $330,000 |
| 2025-01-15 | Listed for sale | $340,000 |
| 2022-04-21 | Sold | $230,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $2683.55 | 75.30% | $189,950 | 50.71% |
| 2022-02-13 | $1530.87 | 1.07% | $126,034 | 3.00% |
| 2021-02-13 | $1514.71 | 1.61% | $122,364 | 0.68% |
Listed by: Charles Leon • RE/MAX Advance Realty II
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11725183
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.
