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7
Rent estimate climbs to $2,121
Updated yesterday
Your Investment Paths
Turnkey Rental
The property at 1950 Service Rd shows promising rental potential. Current market data suggests a monthly income range between $2,100 and $2,397. This attractive range offers a solid foundation for steady cash flow in Opa-locka. With a strong estimated rental yield of over 10%, this home stands out as a compelling investment opportunity. Its market-aligned pricing and consistent demand make it a smart choice for building long-term rental income.
More about this home
Neighborhood Assessment
Magnolia Gardens in Opa-locka is a working-class, infill neighborhood with solid demand driven by proximity to major highways, Miami-Opa Locka Executive Airport, and wider Miami job centers. Nearby sales in the low–mid 300Ks and active listings around 440K show steady price growth and investor interest. Walkability is modest but practical: you’re close to local retail, services, and schools, though it’s more car-dependent than urban Miami cores. The 5K sqft lot and CBS construction are big pluses. Insurance costs may be higher due to wind and heat risk, but flood risk is moderate and manageable for most investors.
Market Activity
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Rental Income
$27K
Yield
10.4%
Year 1 Estimates
Fix-and-Flip
Fresh updates create a vibrant, inviting space that resonates with modern buyers. While price per square foot currently sits at $493 compared to the $547 baseline, these improvements enhance livability and help your home shine. This transformation unlocks consistent rental income around $2,134, offering a stable path for investors. Focused upgrades build a home people love to live in, providing a fantastic foundation for long-term comfort and lasting neighborhood appeal.
Comps
4
Buy-Rehab-Rent
This property offers a post-renovation value between $282,000 and $312,000. With a solid rental income potential of $2,134 monthly, investors can capture an 8.6% yield, providing a stable foundation for a classic BRRRR growth strategy. While the flip potential shows compression, the rental yield remains attractive. Given the consistent demand for small-footprint homes in this market, the asset serves as a reliable cash-flowing performer for a long-term buy-and-hold portfolio.
Rental Income
$26K
Yield
8.6%
Year 1 Estimates, Post Typical Renovation
Estimated value
$260K
$86K below comp median
Comparative Market Analysis
$269K – $530K
~218 days to sell
Based on 8 comps
1950 Service Rd, Opa Locka Investment Report: Flip & Rental Analysis · Frontflip