This condo in Miami boasts a potential rental income ranging from $1,550 to $1,700 monthly. Given its current market conditions and neighborhood trends, the estimated payback period would be favorable. The area's appeal, combined with features like a remodeled kitchen and proximity to amenities, enhances its rental potential. However, being within a senior community may limit the tenant pool, presenting a unique challenge.
To boost rental value, consider modernizing common areas and enhancing amenities. If the current owner wishes to sell, highlighting the recent kitchen upgrades and the condo's proximity to popular Miami spots could attract potential buyers. Emphasizing its turnkey condition may appeal to investors looking for hassle-free properties.