Markets & Economy

Fix-and-flips produce significant returns in Miami

Single-family investors witness double digit price appreciation
  • A number of investors have achieved significant returns by buying, fixing and flipped distressed homes
  • Single-family rental housing remains at a premium in Miami
  • Miami edged out Houston for the number three spot nationally

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Spanning 2014 to early/mid-2015, Miami offered single-family rental investors some of the best total returns in the nation. In a recent index from BiggerPockets, the metro was said to offer investors total returns of 18.6 percent during the aforementioned period - making Miami the third best market for investors. Price appreciation and rent-to-value ratios in the metro accounted for this return total. According to BiggerPockets, single-family investment properties appreciated by 10.4 percent during the 2014 to 2015 period, with a 8.1 percent growth in rent-to-value ratios also occurring. alexmillos / "Rental housing is at a premium and owning rental housing is a viable and smart investment alternative," said Christopher Zoller, residential president of the Miami Association of Realtors (MAR). A number of investors have come into Miami during the past two years and cleared out much of the distressed home inventory, according to Carlos Gutierrez, 2...