This 2-bed, 1-bath single-family home in South Miami has strong rental potential. With 1,020 sq ft, it could fetch $2,200-$2,500 monthly based on local comps. The property's value has appreciated significantly since its last sale, indicating a hot market. Its location in West Larkin Park, a desirable residential neighborhood, adds appeal for renters seeking a quiet community close to urban amenities.
Consider modernizing the kitchen and bathroom to justify higher rents, potentially pushing towards $2,700/month. Adding a second bathroom could dramatically increase rental value. For the current owner, the substantial appreciation since purchase makes this an opportune time to sell and capitalize on gains, especially if unwilling to manage as a rental property.
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Current Specs
2 Bed / 1 Bath
1,020 sqft
Single-Family
Built in 1930
Frame/Stucco construction
Bahama/Ceramic Tile/Blt-Up Tg
Rent Comps
$2,100
$2,400
$3,176
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
15 Listings
2 Bed / 1-1.5 Bath
800 - 1,057 sqft
Within 1.2 mi
Avg. Monthly Rent$2,441
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.