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31
Value up to $278K, Yield at 6.6%
Updated 2 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential with monthly income projected between 1,560 and 1,737 dollars. Based on current market trends, this income range offers investors a promising annual yield of approximately 6 percent for this area. With a strong appreciation rate of 4.77 percent, the property stands out as a stable long-term holding. These figures, backed by consistent market activity, suggest a reliable opportunity to build equity while generating steady monthly cash flow.
More about this home
Neighborhood Assessment
Terrace Heights in Cullman is a stable, owner-occupied neighborhood with well-kept 1970s homes on generous lots around 0.5 acres. Nearby sales in the low-to-mid $300Ks suggest solid demand for 3–4 bed houses, especially those that feel updated and move-in ready. You’re close to top-rated Cullman city schools, everyday shopping, and major routes, so it’s convenient without feeling overly busy. The area leans suburban and car-dependent, but day-to-day errands, schools, and services are just a short drive, which helps resale and long-term rental appeal.
Market Activity
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Rental Income
$20K
Yield
6.0%
Appreciation
$16K
Year 1 Estimates
Fix-and-Flip
Updating your home is a smart way to stay ahead. With a price per square foot of roughly $155 compared to the $146 baseline, this 6% increase showcases the clear value refreshed finishes bring to your property. This project boosts your selling potential toward $307,000 while keeping rent competitive at $1,817. These improvements offer a modern lifestyle and help your home stand out, making this a rewarding path for long-term ownership and appeal.
Value Add
$15K
Appreciation
$14K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a promising post-renovation value between $278,000 and $307,000. With a solid potential for appreciation, strategic upgrades should successfully bridge the value gap and position this asset well within the competitive local market. Projected rental income of $1,600 monthly provides a steady 6.6% yield. This investment represents a reliable opportunity for long-term cash flow, supported by stable regional rental demand and consistent annual appreciation metrics for the area.
Rental Income
$19K
Yield
6.6%
Appreciation
$14K
Year 1 Estimates, Post Typical Renovation
Estimated value
$330K
$63.4K over comp median
Comparative Market Analysis
$203K – $327K
~37 days to sell
Based on 8 comps
1840 Sheila Ave NW, Cullman Investment Report: Flip & Rental Analysis · Frontflip