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1
Bedrooms
1
Bathrooms
760 sqft
Interior
1988
Year built
$467 / mo
HOA
Condominium
Type
About this home
Great opportunity for investors or first-time home buyers in Saga Bay Condo! This spacious 1-bedroom, 1-bath residence offers beautiful lake views, original ceramic tile flooring, and excellent potential to update and personalize. Located in a gated Cutler Bay community with a pool, fitness center, tennis courts, clubhouse, BBQ area, laundry facilities, and ample guest parking. Conveniently located near Black Point Marina, shopping, supermarkets, parks, hospitals, public transportation, and major roadways, including the Florida Turnpike. Association includes water, waste service, and maintenance of common areas. Enjoy peaceful waterfront living with the opportunity to make this unit your own.
Features
- Third Floor Entry
- East Of Us1
- None
- Open Balcony
- Bay
- Lake
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
- Ok To Lease
- Okay To Lease 1st Year
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,800.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.