Rent report generated Nov 27, 2024
The Rent Potential of
777 NE 26th Ter Unit 1604 Miami, FL
is $2,500 – $3,139/mo.
Rent Advice
This property in Miami's vibrant Edgewater neighborhood boasts a solid rent potential, with comps indicating a range between $2.5K and $3.1K per month. With a 1-bed, 1-bath layout and attractive amenities like water views and a pool, it appeals to renters seeking luxury and convenience. Market trends show steady demand in the area, yet challenges include competitive pricing and potential HOA fees. The estimated payback period aligns well with rental income, making it an attractive investment.
To enhance this property's value, consider modernizing the interior with updated fixtures and finishes, which could justify higher rents. Adding smart home features may also appeal to tech-savvy tenants. For owners contemplating selling, timing is crucial. Listing now could attract buyers eager to capitalize on Miami's thriving rental market, especially with Edgewater's reputation for luxury living.
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