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21
Values stable at $317K, 40 comps deep
Updated 4 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
Rental prospects for this North Miami property are promising. Market analysis suggests a monthly income potential between 2,251 and 2,644 dollars. This range reflects current local demand and positions the unit competitively within the neighborhood. The investment offers an impressive estimated yield of 16.78 percent, signaling strong cash flow potential. By targeting the median rent of 2,354 dollars, owners can balance consistent occupancy with solid annual returns on their capital.
More about this home
Neighborhood Assessment
Fairmont House in North Miami's Arch Creek East sits waterfront on the bay with killer views of Miami Beach—you know, that Intracoastal vibe where boats glide by and you've got a tiki hut right there. It's a small, friendly co-op community from '57, walkable to David Lawrence K-8 (7/10 rating), but flood risk is severe in FEMA VE zone and hurricane winds are extreme. Nearby comps range $149K-$399K, this 2-bed/1-bath 810 sqft unit listed at $175K after cuts from $210K, 134 days on market shows it's no hot seller.
Market Activity
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Rental Income
$29K
Yield
16.8%
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a fantastic chance to elevate your daily living experience. While current trends show a price per square foot of $373 versus the neighborhood baseline of $528, updates create a refreshed, inviting atmosphere. Upgrades unlock greater rental potential, with projections reaching $3,061. This creates a compelling path for investors to attract premium tenants. Ultimately, choosing quality finishes ensures your property shines, boosting long-term appeal and comfort in any market.
Comps
23
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value estimated between $311,000 and $344,000. These figures suggest a stable equity position, provided acquisition and renovation costs are carefully managed to keep the total investment efficient. The projected annual rental income of $30,912 yields a healthy 9.4% return. With consistent demand in this market, the property presents a reliable cash flow opportunity for investors seeking a balance of growth and steady income.
Rental Income
$31K
Yield
9.4%
Year 1 Estimates, Post Typical Renovation
Estimated value
$175K
$52.5K below comp median
Comparative Market Analysis
$190K – $310K
~325 days to sell
Based on 8 comps
2700 NE 135th St APT 48, North Miami Investment Report: Flip & Rental Analysis · Frontflip