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13
Values Soften to $290K in Norcross
Updated 5 days ago • 7 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on local market data, monthly income is expected to range between $2,046 and $2,244, offering a solid foundation for your investment strategy in Norcross. With an estimated yield of approximately 8%, this asset stands out as a promising choice for your portfolio. These figures reflect current neighborhood trends, making it a reliable option for consistent, long-term rental income growth.
More about this home
Neighborhood Assessment
Brookechase Ln in Norcross, GA 30093 sits in a stable townhouse community with consistent comps around $290K-$320K for similar 3-bed/2-bath, 1,643 sqft homes. Schools are mixed—Rockbridge Elementary (4/10) and Lilburn Middle (5/10) are decent, but Meadowcreek High scores low at 2/10, which might limit family appeal. Low HOA at $5/mo keeps costs down, and Gwinnett County's growth supports steady values, though no major new developments stand out. Walkability seems average in this residential pocket. Recent sales like 6121 Brookechase at $308K and 6125 at $315K show reliable demand without big upside spikes. Zestimate at $320.5K aligns with neighborhood pricing—solid but not explosive. Risks like major air/heat concerns could factor into buyer decisions down the line.
Market Activity
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Rental Income
$26K
Yield
8.0%
Year 1 Estimates
Fix-and-Flip
Refreshing your home with modern updates increases your value per square foot to $188, compared to $183 for standard homes. This 3% boost captures buyer interest, helping your property shine in a competitive market environment. These upgrades offer a welcoming, contemporary feel that attracts quality tenants and simplifies future sales. For long-term value, these improvements enhance your lifestyle and create a standout property that feels fresh, comfortable, and truly current.
Value Add
$9K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid potential with an after-repair value between $280,000 and $309,000. Leveraging the 1,643 square footage, investors can achieve a competitive rental income of $2,087 monthly, supporting a stable 8.5% yield for long-term growth. The market metrics indicate a stable environment for this BRR strategy. With a strong rental demand and favorable appraisal potential, this asset provides a reliable path to equity building and consistent cash flow for the portfolio.
Rental Income
$25K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$321K
$2K below comp median
Comparative Market Analysis
$260K – $380K
~67 days to sell
Based on 8 comps
6119 Brookechase Ln, Norcross Investment Report: Flip & Rental Analysis · Frontflip