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Single Family Residence
$590,000$374 / sqft
8949 SW 215 terr, Cutler Bay FL 33189
Listed
3
Bedrooms
2
Bathrooms
1,578 sqft
Interior
2004
Year built
$236 / mo
HOA
Single Family Residence
Type
About this home
Fist Floor Property in Cutler Bay .This well -maintained property features 3 bedrooms and 2 full bathrooms,conveniently located near Black Point Marina ,approximately five minutes from local school and ten minutes from Florida's Turnpike ,Recent upgrades include:2021 New Roof,2022 Fully remodeled kitchen with new stainless steel aplainces ,2023 Fully renovated guest bathroom,2024 New air conditioning system and all newductwork ,2024 Freshly painted doors and updated door handles,2024 New Washer and Dryer. The living room light fixture is not included in the sale .
Features
- First Floor Entry
- Family Room
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,219
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,983
- HOA
- $236 / mo
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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 $3,200–$5,100.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.