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1022 Euclid Ave APT 15, Miami Beach Investment Report: Flip & Rental Analysis · Frontflip
33
Values Hit $402K, Rent Up to $3,526
Updated 13 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
The rental market for this property is quite promising. Based on local trends, you can expect a monthly income between $3,051 and $3,526. These figures highlight strong demand for well-located condominiums within this vibrant area. With an impressive estimated yield of 13.24%, this unit represents a fantastic opportunity for steady cash flow. The data suggests that positioning your rental rate near the $3,318 median provides a competitive edge for investors.
More about this home
Neighborhood Assessment
This historic Art Deco condo in Miami Beach's vibrant Flamingo Lummus neighborhood sits on Euclid Avenue, steps from Flamingo Park and world-famous Ocean Drive. The location screams walkability and tourism draw—you're surrounded by restaurants, entertainment, and beach access. However, extreme climate risks (flood probability at 93% in 10 years, hurricane-force winds) and a $750/month HOA create significant ownership challenges.
Market Activity
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Rental Income
$39K
Yield
13.2%
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that buyers adore. Updated spaces often move much faster, with market time dropping from over 500 days to roughly 270, making these properties highly appealing to active buyers. While the price per square foot sits at $516 compared to the $660 baseline, this 22% difference reflects diverse home sizes. Fresh upgrades unlock higher rental demand, with potential monthly income reaching roughly $3,100 for your unit.
Comps
10
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value ranging from $368,000 to $407,000. Renting at an estimated $3,107 per month supports a strong 9.6% yield, providing a reliable income stream for a buy-and-hold strategy. Market indicators suggest this property is a viable candidate for renovation, provided acquisition costs are kept low. The consistent rental demand and competitive yield make this a practical asset for investors targeting long-term wealth building.
Rental Income
$37K
Yield
9.6%
Year 1 Estimates, Post Typical Renovation
Estimated value
$298K
$104.5K below comp median
Comparative Market Analysis
$325K – $621K
~73 days to sell
Based on 8 comps