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11
Value hits $1.21M, 40 rentals confirm
Updated 3 days ago • 9 new comps
Your Investment Paths
Turnkey Rental
The property at 815 Monterey St offers strong rental potential, with estimated monthly income ranging from $3,585 to $5,622. These figures align well with comparable local listings, suggesting a solid outlook for generating consistent rental revenue. With a projected yield of 5.02%, this asset presents a reliable income-producing opportunity. Investors can expect stable performance by targeting rent prices within this competitive market range to maximize occupancy and overall return on investment.
More about this home
Neighborhood Assessment
Coral Gables is an established, prestigious neighborhood known for its consistent property values and desirable location. The Welbon subdivision offers quiet, low-traffic streets with solid school options nearby, including the highly-rated Coral Gables Preparatory Academy. Comparable homes on Monterey Street show strong market activity, with similar 3-bed, 2-bath properties trending in the $800K–$1.1M range. The neighborhood maintains stable demand from buyers seeking the Coral Gables lifestyle.
Market Activity
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Rental Income
$55K
Yield
5.0%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from $587 to $676. This 15% increase elevates your potential sale price towards the $979,000 range, while also increasing your rental income potential. Upgrading creates a fresh, desirable space that captures buyer interest and attracts quality tenants. With a value add of nearly $124,000, this investment enhances your lifestyle and long-term equity, making your property a standout market performer.
Value Add
$124K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong potential, with post-renovation values reaching between $886,000 and $979,000. Upgrading the home significantly boosts marketability, capturing a solid price premium compared to baseline properties in this highly desirable, high-value Coral Gables area. Annual rental income is projected at $62,328, supporting a respectable 6.7% yield. This asset combines steady cash flow with meaningful equity growth, making it a reliable and attractive target for a disciplined BRRRR investment strategy.
Rental Income
$62K
Yield
6.7%
Year 1 Estimates, Post Typical Renovation
Fix-and-Flip
Updating your home brings a fresh, modern appeal that helps your property truly shine. While current market trends show a difference of $587 per square foot versus $471, these renovations create a vibrant, move-in-ready living experience. Upgrading unlocks excellent rental appeal, with median potential climbing toward $5,716. This focus on comfort and style is a smart way to attract quality tenants or buyers who value a home that feels brand new today.
Comps
14
Asking price
$995K
$215K below comp median
Comparative Market Analysis
$833K – $1.8M
~58 days to sell
Based on 8 comps
815 Monterey St, Coral Gables Investment Report: Flip & Rental Analysis · Frontflip