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Median Rent Climbs 5% to $7,794
Updated 14 days ago • 19 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential within the competitive Pinecrest market. Based on recent activity, you can expect a monthly income ranging from approximately $7,090 to $9,104, reflecting healthy demand for high-end single-family homes. With a solid yield of 809.70, the investment outlook remains promising. These figures outperform many surrounding areas, suggesting that leasing this home could provide a reliable and lucrative stream of long-term monthly rental revenue.
More about this home
Neighborhood Assessment
13040 SW 70th Ave sits in Pinecrest, a premier Miami-Dade suburb known for high property values, top-rated schools (including Palmetto Elementary, rated 10/10), and a well-established, affluent community—a classic A-class neighborhood[2]. The area boasts excellent amenities, low crime, and proximity to parks, shopping, and dining, with the added appeal of a canal-front location, which is rare and desirable. Recent comparable rentals in similar Pinecrest homes range from $8k to $15k/month, with this property listed at $12k, reflecting its upscale finishes and prime location. Climate risks are notable—extreme heat and wind exposure, plus a rising flood risk over the next 30 years—but this is typical for South Florida waterfront properties.
Market Activity
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Rental Income
$97K
Yield
809.7%
Appreciation
$2
Year 1 Estimates
Fix-and-Flip
Installing a new roof offers significant peace of mind, enhancing your home’s reliability and charm. While price per square foot remains stable at roughly $640, this upgrade ensures your property stays competitive and ready for new owners. Beyond pure numbers, a fresh roof is a smart move that boosts curb appeal and provides long-term protection. It makes your home a standout, reliable choice, ultimately securing its position as a high-quality asset for years.
Comps
12
Fix-and-Flip
Modernizing a home offers incredible lifestyle benefits, even if it creates a slight shift in price per square foot from $640 to $626. These updates help a property shine, catching eyes and attracting high-quality potential residents. Focusing on thoughtful improvements can unlock fresh possibilities, with rent potential reaching up to $9,307. While the immediate return shows a slight 2% adjustment, creating a beautiful, move-in-ready space remains a fantastic way to elevate daily living.
Comps
32
Fix-and-Flip
Modernizing a home offers a fantastic opportunity to elevate daily living and create a space that truly shines. While current market trends show a subtle shift in price per square foot—moving from 640 dollars to 631 dollars—the real value lies in the refreshed lifestyle experience. Updating your property helps it feel fresh and inviting, potentially attracting high-quality renters with rent potential reaching 9,730 dollars. Choosing intentional, high-end finishes ensures your home remains a standout choice, capturing long-term interest and personal enjoyment for years ahead.
Comps
23
Buy-Rehab-Rent
This property offers a post-renovation value between $1.8M and $1.99M. With a median price per square foot near $623, the potential for equity growth is solid. Strategic updates will align this asset with high-end local standards. Projected annual rental income reaches $103,770, delivering a 5.5% yield. This strong cash flow, combined with significant market stability, makes the asset a reliable performer for long-term investors seeking consistent returns in a prime location.
Rental Income
$104K
Yield
5.5%
Appreciation
$291
Year 1 Estimates, Post Typical Renovation
Estimated value
$12K
$2.3M below comp median
Comparative Market Analysis
$1.5M – $4.2M
~40 days to sell
Based on 8 comps
13040 SW 70th Ave, Pinecrest Investment Report: Flip & Rental Analysis · Frontflip