This property is a single-family home in the Buena Vista East neighborhood of Miami, with a living space of 2064 sqft, featuring 3 bedrooms and 2 bathrooms. With the area's rental market, the potential monthly rent ranges from $5,400 to $9,500, leading to an annual revenue of $64.8K to $114K. Given the property's recent valuation between $1M - $1.6M, the estimated payback period could span from 9 to 25 years, depending on market conditions and rental occupancy rates.
To increase rental income, consider modernizing the interior with updated finishes and appliances, which can justify higher rent. If selling, highlight the property's location in a trendy neighborhood and potential rental income to attract investors. Additionally, emphasize its historical charm and proximity to local amenities to appeal to prospective buyers or renters.
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Current Specs
3 Bed / 2 Bath
2,064 sqft
Single-Family
Built in 1925
Concrete Block construction
Bahama/Ceramic Tile/Blt-Up Tg
Rent Comps
$2,750
$7,900
$13,500
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
8 Listings
3 Bed / 2-2.5 Bath
1,577 - 2,362 sqft
Within 0.7 mi
Avg. Monthly Rent$7,494
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.