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6
Rent estimate adjusts to $4,372
Updated 10 days ago
Your Investment Paths
Turnkey Rental
This property holds strong potential as a rental, with market analysis suggesting a monthly income between $3,930 and $4,839. These figures reflect current neighborhood demand and offer a solid foundation for your investment planning. With an estimated yield of 7.48%, this home stands out as a promising opportunity in the Miami market. Leveraging the current rental landscape allows for consistent cash flow while capitalizing on a highly active local area.
More about this home
Neighborhood Assessment
Richmond West in Miami feels like a solid, middle-class suburban spot—quiet, mostly residential, with family-sized homes and plenty of space. You've got highly-rated schools like Jorge Mas Canosa Middle nearby (just under 2 miles away, rated 7/10), and the area is generally safe with minimal flood, fire, or crime risk. Most houses here are well-kept, streets are wide, and you’re within a short drive to shopping and main commuter routes. On the flip side, it’s not really walkable—most errands need a car, and there aren’t many trendy shops or restaurants in strolling distance. Homes in the area are hovering in the $690K–$780K range for 4 beds, with inventory moving steadily. The vibe is quiet and family-oriented, ideal if you want suburban ease, less so if you crave city buzz or an urban lifestyle.
Market Activity
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Rental Income
$53K
Yield
7.5%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, increasing the price per square foot from $352 to $375. This represents a solid 6% gain, positioning your property to reach a higher potential sale range of up to $979,000. Renovating elevates your home’s appeal, helping it stand out while increasing rent potential to $5,272 monthly. These upgrades offer a fantastic way to enjoy a fresh, contemporary lifestyle while building equity and attracting quality future buyers.
Value Add
$57K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $886,000 and $979,000. Strategic upgrades capitalize on market demand, effectively capturing a meaningful valuation uplift of approximately 6.4% over current baseline price points. Investors can expect a steady monthly rental income of $4,790, generating an annual return of $57,480. With a healthy 6.2% yield, this asset provides a reliable cash flow profile well-suited for a long-term hold strategy.
Rental Income
$57K
Yield
6.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$704K
$87.3K below comp median
Comparative Market Analysis
$710K – $975K
~81 days to sell
Based on 8 comps
17221 SW 153rd Pl, Miami Investment Report: Flip & Rental Analysis · Frontflip