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$705,000

For Sale - Active
9369 SW 224th Ter, Cutler Bay, FL 33190
5 Beds
3 Baths
2,869 Square Feet
0.12 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 29, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$2,241
Cap Rate
2.3%
Cash-on-Cash Return
-16.6%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-12.0%

Property Description


0.12 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Seller's Motivated! Spacious 5-bedroom, 3-bath lakefront home located east of Old Cutler Road in the desirable Isles at Bayshore gated community. Enjoy resort-style amenities like a clubhouse, large pool, gym, and playground. This two-story home features high ceilings, lots of natural light, fresh paint, new flooring upstairs, accordion shutters, an open kitchen, and a large family room. The first floor features one bedroom and a full bathroom with a shower ideal for guests/multi-generational living.Upstairs, you'll find a loft and four additional bedrooms.The oversized primary suite includes two walk-in closets & a luxurious bathroom with double vanities, a tub, and a separate shower. The backyard overlooks a peaceful, low-traffic area where neighbors walk & exercise.Video Tour available.

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Location


Property Details


Parking

  • Details: Attached, Driveway, Garage, Paver Block
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $63/monthly

Land Information

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

Lot Information

  • Parcel ID: 3660160150020
  • Lot Size: 5243 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: TwoStory
  • Year Built: 2005

Tax Information

  • Annual Tax: $12,606

Utilities

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

Location

  • County: Miami Dade

Listing Details


Listed by:
Maria Medina
Aria Global Realty, Inc.
(305) 905-3370

Source:
MIAMI REALTORS MLS
MLS#: A11788049
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$2,241
Cap Rate
2.3%
Cash-on-Cash Return
-16.6%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-12.0%

Purchase Details

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Purchase price:
$705,000
Amount financed:
-$564,000
Down payment:
$141,000
Closing costs:
$21,150
Rehab costs:
$0
Initial cash invested:
$162,150
Square feet:
2,869
Cost per square foot:
$246
Monthly rent per square foot:
$1.25

Financing Details

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Loan amount:
$564,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,611
Property tax:
$1,051
Insurance:
$252
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,914

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,600 $43,200
Vacancy loss: (6%)
6% -$216 -$2,592
Operating income:
$3,384 $40,608

Operating Expenses


% Rent Monthly Yearly
Property taxes: (29%)
29%-$1,051-$12,606
Insurance: (7%)
7%-$252-$3,024
Property management: (8%)
8%-$288-$3,456
Repairs & maintenance: (5%)
5%-$180-$2,160
Capital expenditures: (5%)
5%-$180-$2,160
HOA fees: (2%)
2%-$63-$756
Total operating expenses: (56%)
56%-$2,014-$24,162

Cash Flow


Monthly Yearly
Net operating income:
$1,370 $16,440
Mortgage payments:
-$3,611 -$43,332
Cash flow:
$2,241 $26,892