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6055 SW 38th St, Miami Investment Report: Flip & Rental Analysis · Frontflip
27
Median Value Up 4% to $879K
Updated today • 2 new comps
Your Investment Paths
Turnkey Rental
The rental market for this property is quite promising. You can expect monthly income between 4,165 and 6,078 dollars. This solid range reflects the strong demand for single-family homes in this desirable Miami neighborhood. With a rental yield of approximately 4.75 percent, this investment offers a stable path for generating consistent cash flow. Given the current market conditions, this property stands out as a reliable and attractive income-producing asset.
More about this home
Neighborhood Assessment
This Coral Terrace neighborhood in Miami's 33155 zip feels solid and established, you know? Walkability's decent near Biltmore and Granada Golf Course, with David Fairchild Elementary (8/10 rating) just 0.5 miles away—big plus for families. Comps show steady values around 600K-1.6M for similar 3-bed homes, and this area's near UM and Nicklaus Children's Hospital. Recent sales like 920K nearby confirm demand, though flood/wind risks are notable. The market's hot but picky; this corner lot with 1,519 sqft recently renovated kitchen/baths and turf yard shines. Priced at $1.3M after a drop from $1.35M, it's competitive against zestimates of 575K-985K on comps.
Market Activity
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Rental Income
$61K
Yield
4.7%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates a vibrant, turnkey space that resonates with buyers who value convenience. While current market trends show a price per square foot of roughly $596 versus $625 for the general baseline, updates boost curb appeal. Refreshing your property helps it shine, offering a comfortable lifestyle that attracts quality tenants or buyers looking for a move-in ready retreat. Focus on high-impact finishes that promise long-term enjoyment and provide a fresh, modern aesthetic.
Comps
32
Buy-Rehab-Rent
This property shows strong potential with a post-renovation value estimated between $845,000 and $934,000. Leveraging a median price per square foot of $574 allows for significant equity capture if the total project costs are managed effectively. Projected rental income hits $4,058 monthly, delivering a 5.5% yield. While market days on market are high, the steady cash flow and solid ARV range make this a viable long-term hold for an experienced investor.
Rental Income
$49K
Yield
5.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.3M
$602.5K over comp median
Comparative Market Analysis
$420K – $1.3M
~40 days to sell
Based on 8 comps