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7
Values hit $829K, rent yields 3.24%
Updated 14 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
The property at 1231 Lisbon St shows promising rental potential. Current market data suggests a monthly income range between $3,846 and $5,327. This aligns well with similar local rentals, positioning it as a solid income-generating asset. With an estimated yield of 3.24%, this home offers a steady return for investors. Focusing on the median rent of $4,391 helps set a competitive rate to attract quality tenants while maximizing your cash flow.
More about this home
Neighborhood Assessment
Coral Gables' Granada neighborhood shines with top-tier schools like Coral Gables Prep Academy (10/10 rating) just 1.6 miles away, boosting family appeal. Walkability's solid in this historic, tree-lined area near shops and parks—you know, the kind of spot where folks love strolling to coffee. Nearby comps on Lisbon St average ~$1.4M Zestimates for similar 3-bed homes, showing steady demand despite this 1,386 sqft charmer listing at $1.7M after recent price tweaks. It's got that classic 1925 charm with modern updates. Values here appreciate reliably, per rising tax assessments from ~$200K to $720K+ over years. No big new developments noted, but Coral Gables' prestige keeps it hot—low flood risk helps too, even with wind/heat concerns.
Market Activity
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Rental Income
$55K
Yield
3.2%
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a smart way to capture market interest. While the price per square foot shifts from $648 to $660, a 1.8% increase, these enhancements help the property shine in a crowded local market. Focusing on quality finishes improves daily life and builds long-term appeal. With a rental potential up to $6,020 and strong sell potential, these updates create a more inviting, competitive space that resonates with modern buyer tastes.
Value Add
$17K
Post Typical Renovation
Buy-Rehab-Rent
This 1925 property offers a solid post-renovation value between $839,000 and $927,000. With a renovation-ready market supporting these valuations, investors can expect a healthy ARV that aligns well with the neighborhood’s premium price-per-square-foot standards. Projected rental income hits a strong $5,888 monthly, delivering an 8% yield. This performance, combined with reliable market demand, makes the asset an attractive candidate for long-term cash flow and steady wealth building through the BRR strategy.
Rental Income
$71K
Yield
8.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.7M
$464K over comp median
Comparative Market Analysis
$650K – $1.6M
~373 days to sell
Based on 8 comps
1231 Lisbon St, Coral Gables Investment Report: Flip & Rental Analysis · Frontflip