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Values up to $545K, Rent at $3,335
Updated 7 days ago • 21 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on local market data, monthly rental income is estimated between $3,030 and $3,367. These figures suggest a competitive gross yield of approximately 7.36% for investors. Recent market trends highlight consistent demand for single-family homes in this neighborhood. With a solid projected income stream, this asset offers a promising opportunity for those looking to build reliable cash flow in Miami Gardens.
More about this home
Neighborhood Assessment
3815 NW 186th St sits in Miami Gardens' Carol City North, a working-class neighborhood with steady value growth—Zestimate at $521K for this 3-bed/2-bath, 1,364 sqft home, comps averaging ~$500K. Miami Gardens Elementary rates 8/10 nearby, but middle (5/10) and high (4/10) schools drag appeal. Walkability's limited; it's car-dependent with basic amenities, though Miami's broader boom helps. Well, you know, extreme wind/heat risks here could hike insurance—factor that in. Comps show solid ~$380/sqft pricing, signaling stability over rapid upside. Neighborhood's clean, established '60s homes like this one hold value without flash.
Market Activity
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Rental Income
$38K
Yield
7.4%
Year 1 Estimates
Fix-and-Flip
Updating your home creates a compelling competitive advantage. Refreshed properties command a premium, fetching roughly 421 dollars per square foot compared to the standard 391. This represents a 7.5 percent value boost for your investment. These upgrades unlock higher selling potential, reaching up to 600,000 dollars. Beyond financial gains, a modern space offers an elevated lifestyle, ensuring your property remains a top choice for future buyers and attracts high-quality rental interest.
Value Add
$40K
Post Typical Renovation
Buy-Rehab-Rent
The property shows strong BRR potential with a post-renovation value reaching up to $600,000. Investors can expect a solid rental income of $3,331 per month, supported by high demand and stable local market appreciation trends. With a projected yield of nearly 7%, the asset performs well as a long-term hold. The renovation uplift offers a clear path to equity growth, making this a practical choice for building a cash-flowing real estate portfolio.
Rental Income
$40K
Yield
7.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$521K
$24.2K below comp median
Comparative Market Analysis
$299K – $649K
~39 days to sell
Based on 8 comps
3815 NW 186th St, Miami Gardens Investment Report: Flip & Rental Analysis · Frontflip