South Miami Heights Condo

South Miami Heights Condo

2 bed 2 bath 800 sq ft Built in 1974 Condominium
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71
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

Located in South Miami Heights is this 2-bedroom, 2-bathroom condo that is ready to flip or rent. The majority of the units in this community are the same size, providing supportive comparables which are selling in under two weeks. Also, this is the cheapest active in the community. We're estimating an after-repair value of $190,000, with a market rental value of $2,300 per month. 

This community is located in a tenant-rich area. The condo is currently tenant-occupied at $1,400 per month, on a lease expiring at the end of the year. In addition, the HOA fee is $358 per month with an assessment of $120 per month. Don't miss out on this South Florida opportunity. For more information, contact your EquityPro Advisor today.

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We recommend rent
Rental Income
$2,300 mo. / $27,600 yr.
Estimated Taxes
$1,340 / yr.
Maintenance
$500 / yr.
HOA Dues
$5,736 / yr.
$16,064
Projected Income
11.90%
Estimated APY
$33,450
Projected Income
21.37%
Estimated ROI

Comps

 
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Sold

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