Rent report generated Feb 14, 2025
The Rent Potential of
230 NW 57th Ct Miami, FL
is $4,656 – $4,791/mo.
Rent Advice
This property, located in the vibrant West Flagler Park neighborhood of Miami, is a duplex with substantial rental potential. With two units, the estimated monthly rent ranges from $4.7K to $4.8K, totaling an annual revenue between $56K and $57.5K. Given the current market conditions, the payback period could extend beyond a typical range due to Miami's competitive real estate market. Unique features such as impact windows, a recent A/C installation, and separate entrances enhance rental appeal, yet the property's age might require some updates.
To maximize rental income, consider modernizing the interiors and enhancing curb appeal. Upgrading the kitchen and bathrooms could attract higher-paying tenants. If selling is on the table, positioning the property as a multi-generational living space or a lucrative investment, given the neighborhood's strong market, could garner attention from potential buyers. Highlighting energy-efficient features and the strategic location near major highways and amenities will also add value.
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The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.