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503 12th St APT 5, Miami Beach Investment Report: Flip & Rental Analysis · Frontflip
43
Rent Potential Up 16% to $5,897
Updated 13 days ago • 12 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rent potential within the Miami Beach market. With estimated monthly income ranging from $3,618 to $5,897, investors can expect strong performance, further bolstered by an impressive rental yield of approximately 10.40%. The market data suggests this condo is well-positioned for consistent cash flow. By targeting the median rental income of $4,340, owners can balance occupancy rates with competitive pricing, maximizing their overall return on this asset.
More about this home
Neighborhood Assessment
This South Beach gem at 503 12th St APT 5 sits in the heart of Flamingo Lummus, prime for walkability—you're steps from Washington Avenue's buzz, beaches, dining, and nightlife. Nearby comps like unit #4 at $425K and #6 sold around $450K show steady demand for these Art Deco 2-bed/2-bath condos around 980 sqft. Fienberg/Fisher K-8 (5/10 rating, 0.2 miles) adds family appeal, while the vibrant scene screams investor gold. Art Deco charm shines with pine floors and a fireplace, plus hurricane windows and low $550/mo HOA—lowest in South Beach. Rental flexibility (4 leases/year, 90-day min) means strong income potential at ~$3.1K/mo Zestimate, beating comps.
Market Activity
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Rental Income
$57K
Yield
10.4%
Year 1 Estimates
Fix-and-Flip
Modernizing your space offers a fantastic opportunity to elevate daily living. Refreshing your condo creates a vibrant atmosphere, helping your home shine in a competitive market while making it feel like a brand-new retreat. Upgrading delivers an inviting lifestyle, even if market prices vary. While the cost per square foot currently shows a shift from roughly $629 to $517, investing in quality finishes remains a wonderful way to personalize your home.
Comps
16
Buy-Rehab-Rent
This property offers a promising post-renovation value between $485,000 and $536,000. With a solid rental income projected at $3,367 monthly, this asset sits in a high-demand area, positioning it as a reliable long-term hold for investors. The 7.9% yield provides a strong foundation for cash flow, outperforming many standard market benchmarks. Given the stable rental potential and realistic valuation range, this BRR project serves as a compelling opportunity for portfolio growth.
Rental Income
$40K
Yield
7.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$549K
$71K below comp median
Comparative Market Analysis
$335K – $1.1M
~27 days to sell
Based on 8 comps