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5
Rent potential up to $6,725
Updated 13 days ago • 14 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with monthly income projections ranging from $4,365 to $6,725. This reflects a strong market demand for two-bedroom units in the area, offering a solid foundation for your investment strategy. With an estimated rental yield of approximately 7.57%, this unit stands out as a promising opportunity for steady cash flow. The current market rates suggest this property can reliably perform as a competitive turnkey rental.
More about this home
Neighborhood Assessment
This 2-bed, 2-bath, 1.3K sqft condo at 1330 W Ave sits in Flamingo/Lummus, one of Miami Beach’s most walkable, central neighborhoods, with a Walk Score around 95 and daily errands doable without a car. You’re a short stroll to the beach, Publix on 6th Street, restaurants, bars, gyms, parks, and the Art Deco District, so lifestyle demand stays strong and rents in the area are healthy for units this size. The building’s 2001 vintage means it’s newer than much of classic South Beach stock, and West Avenue keeps you close to the action without being right on noisy Ocean Drive. Local sentiment consistently highlights community feel, dog-friendliness, and a pleasant, lively atmosphere, which helps both long‑term value and liquidity when you eventually sell or reposition the unit.
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Rental Income
$67K
Yield
7.6%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from $803 to $923—a 15% increase. With the potential to reach $1.23 million, these upgrades create a sophisticated living space that truly stands out. Updating your 1,262 square foot condo unlocks higher rental returns and builds lasting equity. This investment transforms your property into a contemporary retreat, offering a fresh, elevated lifestyle that attracts premium buyers and tenants alike.
Value Add
$152K
Post Typical Renovation
Buy-Rehab-Rent
This condo presents a solid BRR opportunity with a post-renovation value estimated between $1,117,000 and $1,234,000. Targeted upgrades can capture significant equity, effectively boosting the property's market position within this high-end, competitive coastal neighborhood. The property generates a robust $6,144 in monthly rental income, resulting in a 6.3% yield. Strong rental demand and significant renovation upside make this a practical investment for building long-term equity in a prime location.
Rental Income
$74K
Yield
6.3%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$879K
$63.5K over comp median
Comparative Market Analysis
$650K – $1.8M
~29 days to sell
Based on 8 comps
1330 W Ave #1013, Miami Beach Investment Report: Flip & Rental Analysis · Frontflip