This Miami property, boasting 6 beds and 7.5 baths across 6,198 sqft, is located in a prime area with a hot housing market. With a rent potential of approximately $64.9K per month, the property's unique features, such as a gourmet kitchen and private pool, enhance its appeal. Given the market's positive trends, the estimated payback period is promising. Challenges include its high price, which may limit the tenant pool. However, its luxury features are a strong selling point.
To maximize rental income, consider modernizing interiors with trendy finishes and enhancing outdoor spaces with landscaping. If selling, highlight the property's luxury aspects and its potential as a high-end rental. Emphasize its location in a desirable Miami neighborhood and proximity to amenities. Target marketing towards affluent families or professionals seeking a spacious, upscale rental in a vibrant area.