Property Overview

• List Price: $275,000
• Full Address: 1361 NW 59th St, Miami, FL 33142
• Property Status: Active
• Property Type: Single-Family Home
• Bedrooms: 2
• Bathrooms: 1
• City: Miami
• State: Florida
• Zipcode: 33142
• Country: USA
• Neighborhood: Orchard Villa Manor
• Community: Miami Northwest
• Property Size: 866 Sq Ft
• Lot Size: 5,300 Sq Ft
• Year Built: 1946

Investment Summary

This 2-bed, 1-bath home in Miami’s 33142 market offers an affordable entry price with high appreciation potential. Located 3 miles from Wynwood, 6 miles from Miami Beach, and 4 miles from Downtown Miami, this property sits in a rapidly developing area.

Comparable properties have recently sold between $280K – $340K, making it a viable fix-and-flip option with manageable renovation costs and a strong resale market.

Realtor Inputs & Market Insights

• Comparable Sales:
  • 1491 NW 57th St – Sold for $340,000 (2 Bed/1 Bath, 852 Sq Ft)
  • 1355 NW 70th St – Sold for $335,000 (2 Bed/1 Bath, 757 Sq Ft)
  • 1510 NW 55th St – Sold for $280,000 (2 Bed/1 Bath, 880 Sq Ft)
• ARV (After Repair Value): $340,000 – $365,000
• Predicted Appreciation (5-10 Years): 5-7% per year
• Estimated Rental Income: $2,200 – $2,500/month
• Rental Comparison:
  • 2-bed rentals in the area average $2,000 – $2,250/month
  • Updated homes can rent for $2,500+ per month

Operating Expenses: Estimated at 30% of gross income

Investor Strategy

• Primary Strategy: Fix & Flip – High ROI potential, strong appreciation
• Secondary Strategy: Buy & Hold for Rental Income – High demand in the area
• Occupancy: Vacant
• Current Condition: Needs cosmetic updates, possible system upgrades
• Estimated Repair Costs: $30K – $50K

Permits & Compliance

• Liens/Violations: No known liens or violations
• Inspection Reports: Property sold As-Is; inspections recommended before submitting offers

Market Trends & Appreciation

• Miami 33142 Housing Market Trends:
  • Typical Home Values: $417,553
  • 1-Year Value Change: +6.6%
  • Projected 1-Year Growth: +4.0%
  • Median Listing Price: $475,000
  • Median Sale Price: $340,000
  • Average Days to Pending: 30-45 Days

Final Takeaway for Investors

This property is a solid investment for fix-and-flip investors looking to capitalize on Miami’s high appreciation rate and strong buyer demand. With an ARV of $340K+ and affordable rehab costs, this deal presents a great opportunity for quick profits.

Act now before it’s gone!