10611 SW 23rd Ter
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Miami, FL Investment Analysis (2026)
Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This single-family residence in Miami's Westchester area presents a strong gross rental yield of 7.65%, which is competitive for the South Florida market. However, a conservative analysis must factor in Florida's aggressive property insurance premiums and high Miami-Dade property taxes, which typically consume 35-40% of gross income, resulting in a projected Net Cap Rate closer to 4.6%. The 3-bedroom, 2-bathroom configuration is the 'gold standard' for rental liquidity in this submarket. While the 4% appreciation is a reasonable baseline, investors should be wary of capital expenditure risks associated with the property's age and the tightening of net margins due to rising non-mortgage holding costs.
- • Strong gross rental yield exceeding 7.5% in a high-demand market
- • Highly liquid 3/2 floor plan suitable for long-term family tenants
- • Located in Westchester, a stable residential pocket with historically low vacancy rates
- • Consistent 4% appreciation forecast aligns with Miami's supply-constrained housing market
- • Escalating Florida homeowner insurance premiums significantly impacting net cash flow
- • High property tax assessments common in Miami-Dade County
- • Conservative net cap rate is likely under 5% after accounting for maintenance and reserves
- • Smaller square footage (1,396) for the price point limits the per-foot valuation upside
10-Year Price Projection
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $33,210/yr
On $123,970 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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