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Rent climbs to $2,398; 41 comps back
Updated 11 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
This property offers an attractive rental opportunity in North Miami Beach. Market data indicates a competitive monthly income range of 2,208 to 2,693 dollars, supported by a healthy estimated rental yield of approximately 8.65 percent. Local demand remains steady, with similar properties renting for an average of 2,398 dollars. With these solid returns, this home represents a strong candidate for investors seeking consistent cash flow within this specific neighborhood.
More about this home
Neighborhood Assessment
Oakgrove in North Miami Beach is an older, in-demand neighborhood with solid single-family housing stock and steady value growth. You’re close to major arteries, employment centers, and everyday retail, so it’s practical for both working families and long-term renters who want quick access to Miami. Schools are mixed but decent at the elementary and middle levels, which still pulls in families on a budget. Nearby 3–4 bed homes are trading in the mid‑400Ks to 600Ks, so this 2/2, 1,000 sqft home on a 6K sqft lot sits at the entry point of the area and benefits from broader neighborhood appreciation.
Market Activity
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Rental Income
$29K
Yield
8.6%
Year 1 Estimates
Fix-and-Flip
Refreshing a home creates significant value, lifting the price per square foot from $432 to $459. This represents a 6% boost in market appeal, helping your property stand out while attracting premium buyers and quality tenants. These modern touches increase your sale potential up to $489,000 and keep rent values competitive. Modernizing your living space is a smart move to elevate your lifestyle and secure a stronger position in the current market.
Value Add
$28K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a promising BRR opportunity with an after-renovation value estimated between $443,000 and $489,000. Capitalizing on the $27.71 price-per-square-foot uplift potential through strategic improvements will effectively maximize equity growth for this 1955 single-family asset. Strong rental performance further enhances the outlook, with projected monthly income reaching $3,260. An 8.4% yield demonstrates solid cash flow potential, making this a reliable, income-generating asset for investors looking to balance appreciation with consistent monthly returns.
Rental Income
$39K
Yield
8.4%
Year 1 Estimates, Post Typical Renovation
Asking price
$560K
$77K over comp median
Comparative Market Analysis
$300K – $655K
~97 days to sell
Based on 8 comps
1260 NE 155th St, North Miami Beach Investment Report: Flip & Rental Analysis · Frontflip