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$489,000

For Sale - Active
20810 SW 86th Pl, Cutler Bay, FL 33189
4 Beds
3 Baths
1,725 Square Feet
0.13 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Oct 01, 2025 at 10:21AM

Investment Summary


Monthly Cash Flow
-$952
Cap Rate
3.8%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.8%

Property Description


0.13 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Beautiful one-story home with 4 bedrooms and 2½ bathrooms, featuring a 1-car attached garage and a welcoming front porch. The double-door front entry opens to a foyer leading into a spacious open floor plan with a modern kitchen and bar, complete with a decorative backsplash. Enjoy two glass sliding doors in the living room and breakfast area providing seamless access to the wood-fenced backyard, plus an additional bedroom with sliding doors to the backyard. Perfect for entertaining and comfortable family living. One or more photos have been virtually staged to showcase the home’s potential. Schedule a showing today!

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Driveway, Garage
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Rigid Frame Bar Joist
  • Roof Material: Other

HOA

  • Has HOA: Yes
  • HOA Fee: $65/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Cluster home

Lot Information

  • Parcel ID: 3660100230330
  • Lot Size: 5633 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: OneStory
  • Year Built: 2007

Tax Information

  • Annual Tax: $7,910

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Attic Fan, Ceiling Fan(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
Raquel Littlejohn
Mainstay Brokerage LLC
(800) 583-2914

Source:
BeachesMLS
MLS#: F10520358
BeachesMLS

Investment Summary


Monthly Cash Flow
-$952
Cap Rate
3.8%
Cash-on-Cash Return
-10.2%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.8%

Purchase Details

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Purchase price:
$489,000
Amount financed:
-$391,200
Down payment:
$97,800
Closing costs:
$14,670
Rehab costs:
$0
Initial cash invested:
$112,470
Square feet:
1,725
Cost per square foot:
$283
Monthly rent per square foot:
$1.91

Financing Details

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Loan amount:
$391,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,505
Property tax:
$659
Insurance:
$231
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,395

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,300 $39,600
Vacancy loss: (6%)
6% -$198 -$2,376
Operating income:
$3,102 $37,224

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$659-$7,910
Insurance: (7%)
7%-$231-$2,772
Property management: (8%)
8%-$264-$3,168
Repairs & maintenance: (5%)
5%-$165-$1,980
Capital expenditures: (5%)
5%-$165-$1,980
HOA fees: (2%)
2%-$65-$780
Total operating expenses: (47%)
47%-$1,549-$18,590

Cash Flow


Monthly Yearly
Net operating income:
$1,553 $18,636
Mortgage payments:
-$2,505 -$30,060
Cash flow:
-$952 -$11,424