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42
Values shift to $342K, 40 comps deep
Updated 2 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with market data suggesting monthly income ranging from $2,417 to $2,636. This aligns well with local performance, providing a stable outlook for homeowners looking to capitalize on current demand. With a projected rental yield of nearly 21%, this property offers an attractive opportunity for investors. Based on recent market trends, the consistent demand in McHenry makes this a promising choice for your portfolio.
More about this home
Neighborhood Assessment
Millstream subdivision in McHenry is a classic Fox River neighborhood: quiet, mostly single-family homes with solid resale values in the mid–high 200Ks nearby. You’re close to downtown McHenry, the Riverwalk, Metra, parks and everyday retail, so day‑to‑day convenience is good even if it’s not a big‑city walkable feel. The big tradeoff here is river‑adjacent living and water views versus being in a FEMA AE flood zone, which means higher insurance and occasional worry when it really pours. Schools are decent, taxes are on the higher side for the price point, but investors and families still like this pocket for value and lifestyle.
Market Activity
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Rental Income
$30K
Yield
20.9%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates an inviting, modern atmosphere that helps it stand out. Upgraded properties achieve a price of 206 dollars per square foot, a noticeable improvement over the 202 dollar baseline, representing a two percent value increase. This renovation offers a wonderful chance to tailor your space to your personal lifestyle while capturing more interest from buyers. With potential sale values up to 318,000 dollars and steady rental appeal, these updates create lasting home value.
Value Add
$6K
Appreciation
$14K
Post Typical Renovation
Buy-Rehab-Rent
This property presents a solid BRR opportunity with a projected post-renovation value between $288,000 and $318,000. While renovation uplift appears modest, the asset aligns well with local market standards for size and configuration in this area. Rental performance remains a strong highlight, projecting $2,595 in monthly income. This supports a healthy 10.3% yield, offering consistent cash flow potential. Investors should focus on controlling rehab costs to maximize the margin on this project.
Rental Income
$31K
Yield
10.3%
Appreciation
$14K
Year 1 Estimates, Post Typical Renovation
Estimated value
$145K
$202.5K below comp median
Comparative Market Analysis
$275K – $425K
~35 days to sell
Based on 8 comps
1501 North Freund Avenue, McHenry Investment Report: Flip & Rental Analysis · Frontflip