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18
Value up to $383K, Rent hits $2,848
Updated 10 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property shows promising rental potential, with estimated monthly income ranging from $2,713 to $3,306. These figures reflect a solid market performance, positioning the home well against current local benchmarks for similar residential assets. Investors can anticipate an estimated rental yield of approximately 17.6%. This, combined with a steady market-based appreciation rate, suggests a favorable long-term outlook for generating consistent passive income while building equity in Southfield.
More about this home
Neighborhood Assessment
The Southfield neighborhood around Spring River Dr is attractive for families and investors looking for strong public schools, with high-rated Greenfield Elementary (8/10), Berkshire Middle (9/10), and Groves High (10/10) all less than two miles away. The area has a mature suburban feel—think 1960s colonial homes, privacy woods, quiet streets, and a community vibe that's great for walking, biking, and getting to nearby amenities. Most neighboring homes are well-maintained and selling between $318K and $413K for similar 3-4 bed, 2-3 bath houses, which shows solid demand and price stability.
Market Activity
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Rental Income
$36K
Yield
17.6%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers fantastic potential to elevate daily living. While the price per square foot remains similar at $179 versus $181, these updates help your property stand out, attracting buyers who value fresh, move-in-ready spaces. Investing in these improvements creates a beautiful environment with a rent potential near $2,850. By choosing timeless finishes, you create long-term appeal, ensuring your home remains a desirable, high-quality asset that offers both comfort and lifestyle value.
Comps
14
Buy-Rehab-Rent
This property offers solid BRR potential with a projected post-renovation value between $336,000 and $371,000. These figures align well with neighborhood comps, ensuring a stable foundation for building equity through strategic interior updates and functional improvements. Rental projections look promising, with an estimated monthly income of $2,848.50 and a respectable 9.7% yield. This strong cash flow performance provides a reliable hedge against financing costs, making the asset a practical long-term hold.
Rental Income
$34K
Yield
9.7%
Appreciation
$4K
Year 1 Estimates, Post Typical Renovation
Estimated value
$205K
$157.6K below comp median
Comparative Market Analysis
$286K – $400K
~84 days to sell
Based on 8 comps
30301 Spring River Dr, Southfield Investment Report: Flip & Rental Analysis · Frontflip