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21
Values Down 14%, 20 Comps Back $699K
Updated 6 days ago • 20 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with market analysis suggesting a solid monthly income between $3,744 and $5,549. These figures highlight an attractive opportunity for investors seeking to capture consistent rental demand. With a projected yield of approximately 7.43%, the investment stands out as a promising choice for your portfolio. The current market dynamics support healthy returns, making this a smart, income-focused addition to any real-estate strategy.
More about this home
Neighborhood Assessment
West Miami's Calvert Manors is a gem, you know? Quiet tree-lined streets, walkable to A-rated Sylvania Heights Elementary just 0.1 miles away, new Publix grocery, Cooper Park, and West Miami Rec Center with kids' programs. Proximity to Coral Gables, MIA airport, highways, shopping, and Nicklaus Children’s Hospital boosts appeal. Solid B-class neighborhood with community events, own police/fire, free Tesla rides—no HOA hassles. Nearby comps Zestimate 570K-670K for similar 3/1-2 homes. This 3-bed/2-bath, 1,767 sqft spot lists at $750K after price cuts from $850K. Updated kitchen, roof, in-law suite add value in a vibrant, growing area near Coral Gables' prestige.
Market Activity
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5959 SW 16th Terrace, Miami Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$56K
Yield
7.4%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts appeal, increasing value from roughly $520 to $558 per square foot. This represents a solid 7.4% gain, positioning your property to stand out and attract interest in a competitive market. Investing in these updates offers a great opportunity to enhance your lifestyle and long-term equity. With potential sale values reaching $981,000 and consistent rental demand, this project creates a more desirable space and better financial prospects.
Value Add
$68K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRRRR potential, with a projected post-renovation value between $888,000 and $981,000. Upgrading this 1,767 square foot home aligns well with market comps, positioning it perfectly for high-end rental demand in this specific area. Monthly rental income is estimated at $4,529, generating an annual return of $54,348. While the 5.8% yield is stable, success hinges on keeping renovation costs strictly within the projected value uplift to ensure maximum capital efficiency.
Rental Income
$54K
Yield
5.8%
Year 1 Estimates, Post Typical Renovation
Estimated value
$750K
$51K over comp median
Comparative Market Analysis
$485K – $1.3M
~22 days to sell
Based on 8 comps