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7
Value up to $393K, 8 comps analyzed
Updated today • 1 new comp
Your Investment Paths
Turnkey Rental
The rental market in this area shows strong potential. Based on recent data, this property could generate monthly rental income between $2,386 and $2,812. These figures highlight an attractive opportunity for consistent cash flow. With an estimated yield of 18.35%, this property stands out as a compelling investment. By targeting the higher end of the rental range, you can maximize returns while maintaining a competitive position in the local market.
More about this home
Neighborhood Assessment
This Richmond property sits in a neighborhood with significant educational and safety headwinds. Nearby schools rate poorly (elementary: 3/10, middle: 2/10, high: 1/10), and the area faces above-average wind and heat risks. However, the $170K price point on a solid brick 1,955 sqft home with a stated ARV of $335K presents compelling cash-buyer fundamentals for experienced investors.
Market Activity
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Rental Income
$31K
Yield
18.3%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value. Upgraded properties command roughly 219 dollars per square foot compared to 184 dollars for typical homes. This 19 percent increase showcases how fresh improvements elevate your property within the local market. The potential sale value jumps significantly with these updates, reaching up to 467,000 dollars. With a steady rental outlook, this investment offers both immediate equity gains and lasting lifestyle appeal for discerning buyers or future tenants.
Value Add
$69K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
Renovation of this 1955 home offers significant potential, boosting values to between $422,000 and $467,000. With a solid 15.4% increase in price per square foot after upgrades, the property aligns well with local market renovation trends. Projected rental income hits $2,582 monthly, delivering a reliable 7% yield. Given the stabilized cash flow and attractive appreciation outlook, this property serves as a practical, income-generating asset for a disciplined BRRRR strategy.
Rental Income
$31K
Yield
7.0%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$170K
$174.9K below comp median
Comparative Market Analysis
$184K – $500K
~76 days to sell
Based on 8 comps
208 Winber Dr, Richmond Investment Report: Flip & Rental Analysis · Frontflip