22761 SW 93rd Psge
Cutler Bay, FL 33190 · single_family · For Sale · 44 days on market
Asking price$850,000
5 beds 3 baths 2,429 sqft
Suggested offer$523,951$326,049 above the est. market value of $523,951.
View on Realtor.com →Listed by Darwin Reyes · Luxe Properties
Typesingle_family
Built2006
Price / sqft$350
Est. value (own analysis)$523,951
Rent estimate (own analysis)$4,550/mo
HOA$170/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Wildfire3/10ModerateAir2/10Minor
1 / 74
Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12057050
Coordinates25.55554, -80.34302
Address22761 SW 93rd Psge
CityCutler Bay
StateFL
Zip33190
Listing ID6773708335
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33190)
Median sale price$419,900
Median days on market (sale)82
Active sale listings119
Median rent$2,600/mo
Median days on market (rent)48
Active rental listings93
Real ZIP-wide statistics from RentCast, as of 2026-08 (fetched 2026-08-29) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 4 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33190 (≥4 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $850,000 |
| Down payment (20.0%) | $170,000 |
| Loan amount | $680,000 |
| Closing costs (5.0%) | $42,500 |
| Total cash to close | $212,500 |
| Income | |
| Rent (comp-derived) | $4,550$54,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,186$50,232 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,346$16,150 |
| Insurance (est. scaled by flood & wind risk) | $1,247$14,960 |
| HOA dues | $170$2,040 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $228$2,730 |
| Total operating expenses | $2,990$35,880 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $228$2,730 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 2,869 | $4,800 | 2026-08-07 | — | |
| single_family | 5 | 3 | 2,476 | $4,300 | 2026-07-17 | — | |
| single_family | 5 | 3 | 2,924 | $4,000 | 2026-07-06 | — | |
| single_family | 5 | 3 | 2,869 | $4,800 | 2026-07-22 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 22708 SW 94th Path | single_family | 5 | 3 | 2,869 | $800,000 | 2026-08-07 |
| 22777 SW 93rd Ct | single_family | 5 | 3 | 2,916 | $600,000 | 2026-08-05 |
| 22780 SW 92nd Ct | single_family | 5 | 3 | 2,916 | $620,000 | 2026-06-29 |
| 9115 SW 227th Ter | single_family | 5 | 4 | 2,924 | $590,000 | 2026-05-01 |
| 21800 SW 97th Ct | single_family | 5 | 4 | 2,820 | $780,000 | 2026-04-27 |
| 10321 SW 232nd St | single_family | 5 | 3 | 3,363 | $739,000 | 2026-04-08 |
| 10329 SW 228th Ter | single_family | 5 | 3 | 3,363 | $680,000 | 2026-02-05 |
| 9108 SW 227th Ln | single_family | 5 | 3 | 2,916 | $629,000 | 2026-02-04 |
| 22466 SW 94th Pl | single_family | 5 | 3 | 2,869 | $685,000 | 2025-10-16 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 22732 SW 92nd Pl | single_family | 5 | 3 | 2,916 | $630,000 | — |
| 22505 SW 94th Pl | single_family | 5 | 3 | 2,869 | $650,000 | — |
| 10445 SW 226th St | single_family | 5 | 3 | 3,256 | $699,900 | — |
| 22525 SW 105th Ct | single_family | 5 | 3 | 2,514 | $624,900 | — |
10-year hold projection
IRR-2.8%
Equity multiple0.54x
Total return (10yr)$12,464
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $875,500 | $14,352 | -$40,816 | $672,627 | $202,873 |
| 2 | $901,765 | $14,962 | -$40,275 | $664,748 | $237,017 |
| 3 | $928,818 | $15,595 | -$39,712 | $656,328 | $272,490 |
| 4 | $956,682 | $16,251 | -$39,127 | $647,330 | $309,352 |
| 5 | $985,383 | $16,932 | -$38,520 | $637,714 | $347,669 |
| 6 | $1,014,944 | $17,638 | -$37,889 | $627,437 | $387,507 |
| 7 | $1,045,393 | $18,370 | -$37,234 | $616,455 | $428,937 |
| 8 | $1,076,755 | $19,129 | -$36,554 | $604,719 | $472,036 |
| 9 | $1,109,057 | $19,916 | -$35,848 | $592,177 | $516,881 |
| 10 | $1,142,329 | $20,732 | -$35,116 | $578,773 | $563,556 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.