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36
Values up to $989K, Rent holds $4.5K
Updated today • 5 new comps
Your Investment Paths
Turnkey Rental
The rent potential for 2356 SW 24th St is promising, with monthly income projections ranging from $3,839 to $5,541. This active rental market offers investors a solid estimated yield of approximately 4.79% for this property. By targeting a rental rate near the median of $4,484, owners can capitalize on the neighborhood's demand. Given recent sales activity and consistent yield metrics, this home represents a stable income opportunity in Miami.
More about this home
Neighborhood Assessment
Silver Bluff in Miami's 33145 zip is a solid neighborhood with good walkability and easy access to Coral Gables dining and shopping. You've got Silver Bluff Elementary (6/10 rating) just 0.3 miles away, plus middle and high schools nearby. Nearby comps like 2350 SW 24th St at ~$1M and 2344 SW 24th St at $1.2M show strong demand for 3-bed homes around 1,600-2,000 sqft. It's convenient, you know, but watch the extreme wind and heat risks here. This fully renovated 3-bed/2-bath, 1,685 sqft single-family lists at $1.175M ($697/sqft), aligning with comps. Recent tax-assessed jump to $741K signals rising values, though it's been on market 59 days after price cuts from $1.32M.
Market Activity
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Rental Income
$56K
Yield
4.8%
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a significant competitive edge. With a price per square foot jump from $541 to $729, this 35 percent increase demonstrates that thoughtful improvements effectively unlock substantial hidden value for owners. Renovating creates a premium living experience that captures higher rental demand, potentially reaching $5,666 monthly. This path enhances both the property’s appeal and its long-term market performance, making it a highly rewarding investment for future growth.
Value Add
$316K
Post Typical Renovation
Buy-Rehab-Rent
This property offers significant upside, with renovation potential boosting values from a baseline of roughly $911,000 to an after-repair value between $1,138,000 and $1,258,000. Renovations unlock roughly $187 per square foot in added market equity. The project generates strong rental prospects, with a median monthly income of $5,484. Combined with an estimated 5.5% yield, this investment presents a solid opportunity for capital appreciation and steady cash flow in a high-demand market.
Rental Income
$66K
Yield
5.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.2M
$275K over comp median
Comparative Market Analysis
$712K – $1.4M
~54 days to sell
Based on 8 comps
2356 SW 24th St, Miami Investment Report: Flip & Rental Analysis · Frontflip