Situated in Miami's vibrant 33156 postal code, this single-family property offers appealing rental potential. With a spacious 3,932 sqft layout, it could command rents between $8K and $10K per month. Given Miami's dynamic rental market and neighborhood trends, this property is well-placed to attract high-end tenants. Unique features like a significant living area and 4 bedrooms enhance its rentability, although the lack of unit segmentation may limit multi-family potential. The payback period looks promising, considering the area's rental demand.
To maximize rental income, consider updating key features such as the pool area and modernizing interior finishes. For those looking to sell, emphasizing the property's size and potential for customization could attract more buyers. Enhancing curb appeal and energy efficiency might also bolster property value. Additionally, exploring zoning possibilities for multi-family use could unlock further revenue streams.
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Current Specs
4 Bed / 3 Bath
3,932 sqft
Single-Family
Built in 1994
Concrete Block construction
Bahama/Ceramic Tile/Blt-Up Tg
Pool
Rent Comps
$6,900
$8,150
$9,995
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
3 Listings
4 Bed / 3 Bath
3,734 - 3,889 sqft
Within 2.9 mi
Avg. Monthly Rent$7,733
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.