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Value up to $482K, Rent up to $3,411
Updated 13 days ago • 15 new comps
Your Investment Paths
Turnkey Rental
The property shows strong potential as a turnkey rental, with market data suggesting monthly income between $3,086 and $3,617. This range reflects current demand for similar homes in Miami Gardens and nearby Miramar neighborhoods. Investors can anticipate an attractive rental yield of approximately 7.5%. With stable demand and consistent performance among recent comparable listings, this property presents a solid opportunity for generating reliable monthly cash flow.
More about this home
Neighborhood Assessment
Norwood in Miami Gardens is a steady, family-oriented pocket with decent walkability, close-knit streets, and three public schools within about a third of a mile – a big plus for long-term rental demand and owner-occupants. Values have climbed into the low–mid 500Ks, and nearby 3-bed homes of similar vintage are trading in the 470K–600K range, which signals a mature, stable market rather than a speculative boom. The city overall is seeing spillover growth from greater Miami, with improving local retail and services, but you’re not buying in a brand-new, trendy corridor. That’s actually good if you want predictable demand: it’s the kind of neighborhood where people stay for years, and households prize space, parking, and school access more than luxury finishes. Climate and wind risk are real in South Florida, so insurance and resilience upgrades should be part of any long‑term plan.
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Rental Income
$40K
Yield
7.5%
Year 1 Estimates
Fix-and-Flip
Refreshing your home with modern updates is a smart way to stand out. These improvements increase value to roughly $317 per square foot, a solid boost over the $292 baseline, representing an 8.6 percent price increase. This upgrade pushes your potential sale price up to $600,000 and lifts monthly rental income to over $4,100. Investing in modern features creates a more desirable living space, offering both a better lifestyle and stronger returns.
Value Add
$45K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $543,000 and $600,000. Targeted updates could yield significant equity, effectively capitalizing on the market’s median price per square foot of roughly $320. Projected rental income reaches $3,767 monthly, delivering a solid 7.9% yield. With reliable demand and stable appreciation, this asset represents a practical opportunity for investors seeking to balance long-term cash flow with capital growth.
Rental Income
$45K
Yield
7.9%
Year 1 Estimates, Post Typical Renovation
Market Activity
Asking price
$536K
$53.9K over comp median
Comparative Market Analysis
$360K – $610K
~47 days to sell
Based on 8 comps
1360 NW 197th St, Miami Gardens Investment Report: Flip & Rental Analysis · Frontflip