There are two distinct group of investors - ones who buy for total return and ones who buy for cash returns. The total return includes the cash return but also the appreciation factor that makes the entire investment jump through the roof. The cash return is net cash from the property, year after year, that you can then sell at or near your original investment.
As an investment centered broker in Miami Gardens, the city offer lots of choices for rental investment but the appreciation will not be as great as Kendall, the beaches or the Gables.
But your price point will not get you two properties in those cities. But in Miami Gardens, you can.
I can provide you a list of properties priced at $70 to $80k that you can rent for $1300 to $1500 per month providing you a 15% return on your money.
Visit my site to begin your search and email me if you want to deal directly.
With your budget it only gives you room for a smal percentage of properties to view and prices are only going up, up, and up. If I were you I would look at a duplex or even a small condo to invest. I have experience in helping investors locate a good investment. You can reach out to me and I will be more than happy to assit you.
Keller Williams Realty Partners SW