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Waterfront · Townhouse
$449,500$367 / sqft
20816 SW 103rd Pl, Cutler Bay FL 33189
Listed
3
Bedrooms
2
Bathrooms
1,225 sqft
Interior
1981
Year built
$75 / mo
HOA
Townhouse
Type
About this home
Owner is offering a contribution towards buyers closing costs or buy down of rate. Additionally, Horizon West Bank is offering a financing grant of $8k towards buyers closing costs and pre-paid. Ask us for more details. Welcome to this charming 3-bedroom, 2-bathroom one-story town home completely renovated in 2026 in the desirable Cutler Bay area. This well-maintained home features an open and spacious living area with beautiful wood-look flooring, a modern kitchen with granite countertops, and comfortable bedrooms offering plenty of natural light. Enjoy a peaceful water/canal view and a private outdoor setting perfect for relaxing or entertaining. AC 2016 and Roof 2016. The home also offers a paved driveway and convenient access to shopping, dining, major roadways, and everyday essentials. A wonderful opportunity for buyers looking for comfort, convenience, and South Florida living in a desirable Cutler Bay location.
Features
- First Floor Entry
- Attic
- Family Room
- None
- Fruit Trees
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Run the numbers
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 $2,600–$3,300.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
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.