This 2-bed, 1-bath, 1,244 sqft loft-style apartment in Downtown Miami offers a monthly rent potential of $4,000–$4,300 based on recent listing history, well above the local comp range ($2,200–$3,032) for similar-sized units. Annualized, that's $48K–$51.6K in gross rent. At a valuation of $672K, the estimated payback period is roughly 13–14 years, which is competitive for the area. Miami’s market remains highly competitive with units filling fast and strong lease renewal rates, though a recent uptick in supply has caused moderate rent softening. Property features like 15-ft ceilings, in-unit laundry, walk-in closet, and access to a pool, gym, and garage parking add significant appeal, while proximity to Wynwood boosts rental desirability. Unique industrial loft character is a major selling point, but only one bathroom may limit some renter profiles.

Consider minor upgrades—such as adding a second bathroom or enhancing the kitchen finishes—to further boost rent and shorten vacancy times. If selling, highlight the unique NY-style loft design, flexible open-plan layout, and the amenity-rich building in your marketing. For leasing, target creatives and professionals drawn to Wynwood’s arts scene and promote the rare combination of space, light, and amenities. Stay alert to local rent trends, as new construction could pressure rates in the near term.