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Rent Potential Up to $3,058
Updated yesterday • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with expected monthly income ranging between $2,763 and $3,058. These figures reflect current market demand for similar homes in Miami Gardens, offering a solid foundation for investors. With an impressive estimated annual yield of 11.84%, this asset serves as a high-performing choice for your portfolio. The steady rental income potential suggests a reliable return, making it a standout option for generating cash flow.
More about this home
Neighborhood Assessment
The Bunche Park neighborhood in Miami Gardens offers solid stability for this compact 840 sqft, 3-bed/1-bath home built in 1953. Nearby comps are zestimating $325K-$474K, with this property recently sold for $295K—showing steady demand on streets like NW 18th Ave. Schools rate average at 2-3/10, and walkability's decent with local spots, though it's no hotspot. You've got a classic working-class area, you know, where values hold firm without big spikes. Flood and wind risks are major concerns here—insurance could eat into profits. Still, the lot's nearly 8K sqft gives expansion room, and rising tax-assessed values signal quiet appreciation in this Miami suburb.
Market Activity
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Rental Income
$35K
Yield
11.8%
Year 1 Estimates
Fix-and-Flip
Modernizing your home yields a clear boost, raising value to approximately $468 per square foot compared to the baseline of $429. This represents a 9% increase, signaling that refreshed properties capture more attention and desirability. Investing in these improvements adds roughly $32,846 in value, pushing your sell potential to $420,000. These upgrades create a vibrant, move-in ready home that stands out, enhances daily living, and offers stronger appeal for future renters.
Value Add
$33K
Post Typical Renovation
Buy-Rehab-Rent
This project offers solid BRR potential with a post-renovation value estimated between $380,000 and $420,000. Revitalizing this 1953 property aligns well with local market trends, providing a clear path to significant equity gains through strategic upgrades. The investment generates a strong $2,840 in monthly rental income, yielding a healthy 8.52% return. These figures suggest a reliable cash-flow profile for investors looking to balance long-term appreciation with consistent, high-performing passive income streams.
Rental Income
$34K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$295K
$125K below comp median
Comparative Market Analysis
$326K – $450K
~65 days to sell
Based on 8 comps
16431 NW 18th Ave, Miami Gardens Investment Report: Flip & Rental Analysis · Frontflip