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Value up to $537K, 8 comps confirm
Updated 13 days ago • 17 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Miami. Market data suggests a monthly income potential ranging from $3,086 to $3,617. These figures indicate a strong position for generating consistent cash flow in the current area. Investors can expect a healthy rental yield of approximately 7.52%. Given the competitive performance of similar local homes, this asset stands out as a solid choice for those seeking to maximize their monthly passive income.
More about this home
Neighborhood Assessment
Norwood in Miami Gardens is a steady, lived‑in neighborhood with classic 1960s single‑family homes on decent‑sized lots. You’ve got a true 3 bed, 2 bath, roughly 1.8K sqft house here, surrounded by similar 3/2s mostly valued in the high‑400K to high‑500K range, so values have a solid floor. Walkability’s decent for daily life: Norwood Elementary, Norland Middle and Miami Norland Senior High are all within about a third of a mile, which keeps family demand strong. You’re near major Miami‑Dade job centers, shopping corridors and highways, though not in a trendy walk‑to‑restaurants pocket, so it’s more stable suburban than hot urban core.
Market Activity
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Rental Income
$40K
Yield
7.5%
Year 1 Estimates
Fix-and-Flip
Fresh updates elevate a property’s appeal, reflected in a higher price per square foot of 315 dollars compared to the 293 dollar baseline. This represents a solid 7.5 percent increase in value, helping your home shine. Modern touches unlock a higher sell potential of up to 598,000 dollars and stronger rent possibilities. This is a smart way to boost your home’s character and marketability, ensuring it remains highly attractive to future buyers.
Value Add
$40K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $541,000 and $598,000. Strategic upgrades to this 1,796-square-foot home capture solid value, effectively positioning the asset within the competitive local market for future appreciation. Projected rental income hits $3,569 monthly, delivering an attractive 7.5% yield. With reliable demand and healthy price-per-square-foot metrics, this investment provides a stable foundation for long-term cash flow and wealth building in this neighborhood.
Rental Income
$43K
Yield
7.5%
Year 1 Estimates, Post Typical Renovation
Asking price
$5K
$532.5K below comp median
Comparative Market Analysis
$360K – $651K
~48 days to sell
Based on 8 comps
1360 NW 197th St, Miami Investment Report: Flip & Rental Analysis · Frontflip