8240 SW 95th St

• The extreme wind risk (10/10) poses a significant threat and translates to high insurance costs. The estimated annual insurance of $6,444 is above average, and the likelihood of needing to file claims due to hurricane damage is considerable. Wind insurance is a critical and costly factor in Miami. • The extreme heat risk (10/10) will result in higher energy costs and potentially require upgrades to the HVAC system for optimal cooling. Miami's extreme temperatures mean air conditioning is essential, leading to high monthly utility bills. • The age of the property (built in 1958) implies potential issues with outdated plumbing, electrical systems, and structural components. While modern upgrades are mentioned, there is a risk of uncovering hidden problems that may require costly repairs. • The property's history of multiple price reductions suggests that the initial listing price was too high for the market. The current price of $1,790,000 might still be overpriced. The property was originally listed at $1,950,000 and reduced multiple times, indicating a potential disconnect between the seller's valuation and the market's perception. • Miami's real estate market is subject to significant volatility and is influenced by factors like foreign investment, interest rates, and economic conditions. This makes it difficult to predict future appreciation and poses a risk to long-term investment returns. • Although the property is described as a single family home, the size of the lot (16,400 sqft) and the inclusion of in-law quarters may be subject to specific zoning laws, which could limit potential future development or expansion.