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30
Rent climbs to $2,361
Updated 9 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity, with estimated monthly income ranging from $2,162 to $2,402. These figures reflect a competitive market position, suggesting strong demand for well-maintained three-bedroom homes in this specific area. Investors can expect an impressive estimated yield of approximately 14.41%, supported by local market trends. With consistent appreciation rates, this asset represents a solid addition to a portfolio, balancing immediate cash flow with long-term growth.
More about this home
Neighborhood Assessment
Downtown Troy's South Central neighborhood offers solid walkability with dining, shopping, and attractions just steps away on 4th Street. You're looking at a 1,892 sqft, 3-bed, 2-bath single-family home listed at $190K—priced competitively at ~$100/sqft. Nearby comps like multi-families at 336 and 342 4th St show values from $210K-$298K, suggesting rental income potential around $2K/mo. Schools rate decent (PS 14:7/10), but watch the extreme flood risk in FEMA Zone AE—it's a real concern here. Troy's revitalizing with ongoing downtown investments, boosting long-term appeal. Yet 124 days on market hints at buyer caution, maybe due to no AC and flood worries. Multi-family neighbors indicate rental demand, but this area's mixed investor vibe means steady, not explosive growth.
Market Activity
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Rental Income
$27K
Yield
14.4%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a unique chance to refresh your living space. With a price per square foot of $177.65 compared to the baseline $175.61, this project creates a 1.16% increase, enhancing appeal to future residents. Updating remains a smart move to boost your home’s character and marketability. With a solid sell potential and attractive rent range, these improvements help your property shine, ensuring it stays desirable and competitive for years ahead.
Value Add
$4K
Appreciation
$12K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $318,000 and $352,000. With a median market price around $305,500, the projected value provides a healthy margin for investors focusing on forced equity through strategic upgrades. The investment generates a steady $2,279 in monthly rental income, resulting in an 8.2% yield. Combined with an annual appreciation rate of 3.7%, this property stands as a reliable, cash-flowing asset for a balanced real estate portfolio.
Rental Income
$27K
Yield
8.2%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Asking price
$165K
$152K below comp median
Comparative Market Analysis
$276K – $365K
~49 days to sell
Based on 8 comps
338 4th Street, Troy Investment Report: Flip & Rental Analysis · Frontflip