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Single Family Residence
$575,000$340 / sqft
19700 SW 87th Pl, Cutler Bay FL 33157
Listed
3
Bedrooms
2
Bathrooms
1,693 sqft
Interior
1973
Year built
None
HOA
Single Family Residence
Type
About this home
Opportunity awaits in Cutler Bay! This 3-bedroom, 2-bath, single-story pool home offers 1,542 sq. ft. of living area on a spacious 7,950 sq. ft. lot and is ready for its next transformation. The home features a large front driveway, one-car garage, expanded rear patio, private backyard and swimming pool. The roof was replaced in 2018, and the bathrooms have already received some updates. The property is in need of additional renovation, including flooring, kitchen updates, paint and general cosmetic improvements, offering buyers the opportunity to renovate to their own taste and vision. Whether you're an investor looking for your next project or a buyer looking to create your own home, this property offers tremendous potential. Bring your vision and make it your own!
Features
- First Floor Entry
- No Additional Rooms
- Pool
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
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.