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Values Hit $459K, Rent Yields 8.9%
Updated yesterday • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on local market data, monthly rental income is projected between $2,792 and $3,136. These figures reflect a solid baseline for investors in the current market. With an estimated annual yield of approximately 8.93%, this investment offers an attractive return profile. These concrete income projections suggest a promising opportunity for steady cash flow, making it a reliable addition to your portfolio.
More about this home
Neighborhood Assessment
This 3-bed, 1-bath, 1,000 sqft home at 16331 NW 18th Ct in Miami Gardens' Bunche Park sits in a stable, working-class neighborhood. Nearby comps value similar homes at $350K-$460K, showing solid demand around $400K. But schools rate low—3/10 elementary, 2/10 middle—limiting family appeal. Walkability's average; no big developments popping up nearby. Flood and wind risks are major concerns here—you know, insurance could eat into profits. It's a classic C-class area: affordable entry, steady renters at ~$2.7K/mo Zestimate, but upside feels capped without neighborhood boosts.
Market Activity
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Rental Income
$36K
Yield
8.9%
Year 1 Estimates
Fix-and-Flip
Updating your home offers a clear boost, raising value from $416 to $445 per square foot. This 7% increase in efficiency helps your property shine, with potential sale prices climbing toward the $455,000 mark. These improvements make your home a standout choice for renters and buyers alike. By targeting a premium rental return of $3,019, you turn your space into a more competitive and desirable asset for long-term success.
Value Add
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property shows strong potential, with a post-renovation value reaching up to $459,000. Renovations align well with local market trends, effectively lifting value and positioning the asset for a competitive return on investment in North Miami. The estimated monthly rent of $3,023 generates a solid 8.3% yield. With consistent demand and steady rental upside, this asset functions as a reliable income generator once the necessary property upgrades are successfully completed.
Rental Income
$36K
Yield
8.3%
Year 1 Estimates, Post Typical Renovation
Estimated value
$398K
$8.3K over comp median
Comparative Market Analysis
$242K – $500K
~61 days to sell
Based on 8 comps
16331 NW 18th Ct, Miami Gardens Investment Report: Flip & Rental Analysis · Frontflip