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60
Values Adjust to $910K; Yield at 5.97%
Updated today • 7 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with market data suggesting monthly income between 4,950 and 6,982 dollars. This range reflects high demand for comparable three-bedroom units in the Miami area, offering a solid foundation for investors. With a competitive estimated yield of 5.97 percent, this investment presents a compelling opportunity to generate consistent cash flow. Given the current market trends, this property is well-positioned to attract quality tenants seeking this size.
More about this home
Neighborhood Assessment
Silver Crest in Miami's Coral Way neighborhood shines with prime walkability—one block from bustling Coral Way, steps from shops, restaurants, and a gas station. Nearby Coconut Grove and Coral Gables boost appeal, while solid schools like Silver Bluff Elementary (6/10) draw families. Comp homes value around $570K-$660K for similar 1.7K sqft, signaling steady demand in this vibrant, appreciating area. Recent updates like 2024 roof and impact windows add resilience against Miami's extreme wind/flood risks, making it stand out. Low-maintenance yard and corner lot offer expansion potential—you know, room for a pool without the hassle.
Market Activity
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Rental Income
$72K
Yield
6.0%
Year 1 Estimates
Fix-and-Flip
Updated homes offer a fantastic lifestyle, boasting larger floor plans and modern comfort. These properties reach prices around $499 per square foot, providing a fresh, high-quality aesthetic that captures immediate attention and elevates the home's daily appeal. While these homes sit at a different price point, they command strong rental income potential, reaching up to $5,866 monthly. This upgrade unlocks great versatility, blending modern style with lasting appeal to create a truly desirable living space.
Comps
11
Fix-and-Flip
A fresh driveway elevates curb appeal, offering a polished, high-end look. With a price per square foot of $647 versus the $600 baseline, this upgrade signals quality, potentially boosting sell value toward $1,155,000 and rental interest. This enhancement offers a nearly 8% increase in value per square foot. Beyond the numbers, it creates a pristine first impression that invites buyers and renters, effectively positioning the property as a well-maintained, desirable local gem.
Comps
3
Uplift
+8%
Buy-Rehab-Rent
This property offers a solid BRR opportunity in a high-demand market. Post-renovation, the home’s value is projected between $917,000 and $1,014,000, supported by an average price per square foot of roughly $585 for renovated local comps. With estimated monthly rental income of $5,771, the investment delivers a healthy 7.2% yield. Given the strong rent potential and significant value uplift, this asset serves as an excellent candidate for long-term wealth building and appreciation.
Rental Income
$69K
Yield
7.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.2M
$289K over comp median
Comparative Market Analysis
$650K – $1.2M
~64 days to sell
Based on 8 comps
2400 SW 21st Ter, Miami Investment Report: Flip & Rental Analysis · Frontflip