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430 NW 60th Ave
Score
0
Miami, FL

430 NW 60th Ave

641K
3 bd • 2 ba • 1,568 sf

This analysis was generated on 2/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$640,500

Price/Sq.Ft

$408

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Potential rental income: The estimated rental rate for a 3-bedroom property in Miami is $2,660 per month. This suggests the property could generate a significant monthly income for investors. • Centrally located: The property's location in Miami provides access to various amenities, employment opportunities, and cultural attractions. • Updated interior: Based on the photos, the interior appears to be recently updated with modern finishes, which may appeal to buyers seeking a move-in ready home. • Three bedrooms and two bathrooms: This configuration is suitable for families or individuals who desire extra space for guests or a home office.

The Bad

• Unknown build year: The absence of this information makes it difficult to assess the property's condition and potential for future maintenance costs. It also impacts the ability to compare the property to similar listings with known ages. • Limited property information: The lack of a property description and room details makes it challenging to evaluate the property's layout, features, and overall suitability. • High price per square foot: At $408.48 per square foot, the property is priced higher than some other areas in Miami, although prices vary significantly by neighborhood. This could indicate overpricing or reflect desirable features not mentioned in the listing. More comparable properties are needed to contextualize. • No listed property features: The absence of listed features makes it difficult to assess the property's amenities and upgrades, hindering a comprehensive evaluation.

The Ugly

• High insurance costs: Miami's exposure to hurricanes and flooding translates to significantly higher insurance premiums compared to other areas. This ongoing expense can impact affordability. • Potential renovation costs: Depending on the age and condition of the property (which is currently unknown), major renovations may be required. This could include roof replacement, electrical upgrades, or plumbing repairs, adding substantial unexpected costs. • Climate-related risks: Miami's climate poses long-term risks such as sea-level rise and increased hurricane intensity. These factors could impact property values and require costly mitigation measures. • Limited information: The lack of details about the property's history, systems, and potential issues raises concerns about transparency and due diligence. A thorough inspection is essential to uncover any hidden problems.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking rental income: The estimated rental income for a 3-bedroom property is $2,660 per month. This represents a potential gross annual rental income of $31,920, which may appeal to investors looking for cash flow. • Buyers comfortable with potential renovation costs: Given the unknown age of the property, it may require renovations or updates to meet current standards. Buyers who are prepared to invest in improvements may find this property appealing. • Individuals seeking a centrally located property in Miami: The property's location in Miami provides access to various amenities, employment opportunities, and cultural attractions. This may appeal to buyers who value convenience and accessibility. • Buyers who prioritize interior aesthetics: Based on the photos, the interior appears to be recently updated with modern finishes. Buyers who appreciate a move-in ready interior may find this property attractive.

Not For

• Buyers seeking a newly constructed home: With the build year unknown, it is unlikely to be a new construction. Buyers who want a modern, warrantied home may find this property unsuitable. • Buyers on a strict budget: The combination of a high price per square foot ($408.48), potentially high insurance costs, and the possibility of needing renovations may make this property unaffordable for some buyers. • Buyers who prefer low-maintenance properties: An older home may require more frequent maintenance and repairs. Buyers seeking a hassle-free property may find this less appealing. • Buyers requiring detailed property information upfront: The limited information provided about the property may deter buyers who prefer comprehensive details before considering a purchase.
Demographics
Area Median Income

$45,660

Property History

Price History
Ownership Timeline
$266,500Financed
Mar 5, 2019
E Coast Investments Llc430 Investment Corp
Warranty Deed
Non-Residential Arm's Length Transactions
$276,000Financed
May 10, 2018
Martin Rodriguez, Niurka RodriguezE Coast Investments Llc
Warranty Deed
Non-Residential Arm's Length Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

6.6/10
Good

Middle

4.8/10
Average

High

3.2/10
Below Average

Financials

Monthly Costs
Market Rent (3 bed)

$1,430

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$640,500
Price/sqft
$408
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$644,917

0.7%

Your price is 0.7% below average

Median Price

$620,000

3.3%

Based on 6 recent sales

Price per Sq.Ft

$431

5.2%

Your price is 5.2% below average $/sqft

Comparable Properties

5410 SW 2nd St, Miami, FL 33134
Price: $520,000
Sq.Ft: 1,729
Beds/Baths: 3/2
$/Sq.Ft:
$30126.4%
Sale Date: 1/2/2025
5720 SW 2nd Ter, Miami, FL 33144
Price: $620,000
Sq.Ft: 1,704
Beds/Baths: 3/2
$/Sq.Ft:
$36410.9%
Sale Date: 11/18/2024
5810 SW 10th St, West Miami, FL 33144
Price: $790,000
Sq.Ft: 1,582
Beds/Baths: 3/2
$/Sq.Ft:
$49922.2%
Sale Date: 9/11/2024
5350 SW 3rd St, Miami, FL 33134
Price: $750,000
Sq.Ft: 1,476
Beds/Baths: 3/2
$/Sq.Ft:
$50824.4%
Sale Date: 9/18/2024
6820 SW 5th St, Miami, FL 33144
Price: $590,000
Sq.Ft: 1,317
Beds/Baths: 3/2
$/Sq.Ft:
$4489.7%
Sale Date: 9/13/2024
331 NW 60th Ct, Miami, FL 33126
Price: $599,500
Sq.Ft: 1,279
Beds/Baths: 4/3
$/Sq.Ft:
$46914.7%
Sale Date: 12/5/2024

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