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15
Values Adjust to $374K, Rents Up 2.5%
Updated today • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential, with estimated monthly income ranging between $2,792 and $3,094. These figures align well with local market trends, offering investors a solid foundation for consistent cash flow in Miami Gardens. With an attractive estimated rental yield of approximately 7.87%, this home stands out as a strong income-producing opportunity. Renting this unit allows for competitive returns while leveraging current demand for single-family rentals in this area.
More about this home
Neighborhood Assessment
This 840 sq ft, 3-bed/1-bath home in Miami Gardens sits in a developing neighborhood with mixed signals. The property shows strong fundamentals—recent upgrades (roof, A/C, impact windows), convenient Palmetto Expressway access, and solid comparable sales nearby. However, the neighborhood faces significant climate challenges: extreme heat risk, critical wind/hurricane exposure, and rising flood probability (57% by 2055). Schools rate modestly (2-3 stars). The $449K asking price reflects a 45% jump from the $310K sale just 5 months ago—aggressive for a property this size.
Market Activity
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Rental Income
$35K
Yield
7.9%
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a significant edge. Modernized properties command about 468 dollars per square foot, a 9% increase over the neighborhood standard of 429. This boost elevates your potential sale price, making your home truly shine. Upgrades unlock premium appeal and higher rental demand, with potential monthly returns nearing 2,977 dollars. By investing in these improvements, you create a more desirable, competitive property that attracts quality buyers while enhancing your daily living experience.
Value Add
$33K
Post Typical Renovation
Buy-Rehab-Rent
This property presents a solid BRR opportunity with an estimated post-renovation value between $380,000 and $420,000. Renovations should effectively boost market appeal, positioning the asset competitively within the neighborhood's current price-per-square-foot benchmarks. The investment offers an attractive monthly rental income of $2,874, resulting in a reliable 8.6% yield. This strong cash flow potential, combined with the projected equity uplift, makes this a highly practical addition to a portfolio.
Rental Income
$34K
Yield
8.6%
Year 1 Estimates, Post Typical Renovation
Estimated value
$449K
$75.3K over comp median
Comparative Market Analysis
$242K – $450K
~63 days to sell
Based on 8 comps
16441 NW 18th Ave, Miami Gardens Investment Report: Flip & Rental Analysis · Frontflip