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Archived 3 months ago

$350,000

4 bd 2 ba 1572 sqft

17860 SW 112th Ct, Miami, FL 33157

Residential SFR

Current Rent **

N/A

Projected Rent **

$4,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Value add: potential fix & flip!

OR, Fix & move in yourself or rent – area rents for a similar specs remodeled home range around $3,00-$3,200 with not many available that have been renovated.
 
Lots of potential in this 4 bedroom 2 bath / 1,572 sq ft (living area) property sitting on a 7,600 sq ft lot. The house has a separate door for an in law / guest / maid quarters; main kitchen has no appliances; roof is approximately 10-15 years old (per seller); concrete patio; hurricane shutters (might qualify for wind mitigation insurance discount) fenced yard; enough room for an expansion; an ADU and / or a pool.
 
No HoA restrictions or fees; Flood zone X = lenders should not require flood insurance. Property is in unincorporated Miami Dade = easier to get permits & lower taxes = holding costs.
Neighborhood offers steady turn over & sells quickly. Highest recent comparable sale was around $750k (with a pool) & remodeled. This is a quiet suburban Miami neighborhood, with sidewalks; close to the Miami Zoo; quick access to the Turnpike and major highways & roads; shopping; dining; schools; places of worship; & public transportation.

Location:

17860 SW 112th Ct, Miami, FL 33157

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.