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22
Value up to $469K, Rent at $2,549
Updated 12 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with estimated monthly income ranging from $2,535 to $2,791. This competitive range aligns well with current local market activity, making it an attractive option for consistent cash flow. With an estimated annual yield of approximately 7.99%, this condo stands out as a solid income-producing asset. The steady market appreciation of $1,544 further supports its value as a reliable addition to an investment portfolio.
More about this home
Neighborhood Assessment
This South Miami/High Pines neighborhood stands out for walkability and access to everyday conveniences—think cafes, groceries, and plenty of shopping. It's a spot that attracts families and young professionals alike, thanks to quick commutes, friendly community vibes, and a charming, tree-lined feel. The local elementary school is top-rated, which really boosts demand for homes here. Amenities like a community pool and on-site laundry tick all the boxes for convenience, but the area does see some climate risks, including major flood risk and high insurance costs. Most properties, including this 2-bed, 1-bath, 840 sqft condo, have classic mid-century features that look good but may limit flip value compared to spots needing renovation.
Market Activity
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Rental Income
$32K
Yield
8.0%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a compelling competitive edge. By investing in modern finishes, you increase the value to roughly $591 per square foot, a 12% jump over the neighborhood average of $528 per square foot. This renovation unlocks higher potential, elevating your resale prospects toward $475,000 and boosting rental appeal. Modernizing your space is a smart strategy to attract quality interest and ensure your property remains a desirable local standout.
Value Add
$53K
Appreciation
$2K
Post Typical Renovation
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value reaching $475,000. Strategic upgrades capture a 11.6% price-per-square-foot uplift, effectively positioning the property against recent renovated comps to maximize your total equity position. Monthly rental income projections hit $2,622, delivering a respectable 7.0% yield. While market appreciation remains modest at 0.4%, this consistent cash flow combined with strong value-add opportunities creates a stable, reliable foundation for long-term growth.
Rental Income
$31K
Yield
7.0%
Appreciation
$2K
Year 1 Estimates, Post Typical Renovation
Estimated value
$400K
$11K over comp median
Comparative Market Analysis
$299K – $425K
~76 days to sell
Based on 8 comps
7620 SW 56th Ave APT 4, Miami Investment Report: Flip & Rental Analysis · Frontflip