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15
Values dip to $125K, 3 comps verify
Updated 11 days ago
Your Investment Paths
Turnkey Rental
The property at 121 S Colorado St shows strong rental potential in the Greenville market. With a projected monthly income of $1,478, this single-family home offers an impressive estimated annual yield of 59.12 percent. Based on comparable data, the $1,478 monthly rent target is well-supported by local activity. This investment stands out as a solid opportunity for generating consistent cash flow compared to the current market valuation and historical pricing.
More about this home
Neighborhood Assessment
Greenville’s South Colorado Street area is a mixed residential pocket with affordable homes and decent lot sizes. Most properties here are older and single-family, with several comparable homes valued between $15K and $92K. The block isn’t super walkable, but you’re close to basic needs and schools, though the ratings for elementary and middle nearby are below average, while Greenville Weston High School stands out with a 5. Folks are pretty settled, and rental demand exists in the $1.3K/month ballpark, which is notable for this price range.
Market Activity
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Rental Income
$18K
Yield
59.1%
Year 1 Estimates
Fix-and-Flip
Modern updates breathe fresh life into a home, significantly boosting its personality and appeal. While current market trends show a baseline price of $76 per square foot, thoughtful improvements help your property shine, unlocking hidden potential. These enhancements create a vibrant space that captivates potential buyers and renters. With a strong rental return of $1,478, prioritizing high-impact upgrades will elevate your property's overall desirability and ensure it remains a standout choice.
Comps
0
Buy-Rehab-Rent
This property shows significant data gaps, making a reliable BRRRR assessment impossible. With no renovation comps and an unknown post-rehab value, the potential for forced equity remains unproven. Proceed with extreme caution until verified market data emerges. While the rent potential is estimated at $1,953 monthly, the lack of post-renovation valuation data prevents a credible yield calculation. Without clear exit numbers, the risk-to-reward ratio currently fails to support a viable investment strategy.
Estimated value
$30K
$95.3K below comp median
Comparative Market Analysis
$125K – $134K
~380 days to sell
Based on 3 comps
121 S Colorado St, Greenville Investment Report: Flip & Rental Analysis · Frontflip