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8
Median Sold Price Shifts to $261K
Updated yesterday • 3 new comps
Your Investment Paths
Turnkey Rental
The property at 5947 Bear Creek Drive shows strong rental potential, with monthly income projections ranging from $1,976 to $2,325. This aligns well with local market trends, offering investors a robust estimated yield of 17.5%. With an annual appreciation rate of 5.7%, this townhome presents a solid opportunity for long-term growth. The steady demand for 3-bedroom units in Bedford Heights makes this an attractive addition for any rental portfolio.
More about this home
Neighborhood Assessment
Bear Creek Village in Bedford Heights, OH offers a stable townhome community with solid comps around 115K-152K for similar 3-bed/1.5-3 bath units averaging 1,600 sqft. Schools rate decent—Columbus Intermediate at 6/10, Heskett and Bedford High at 5/10—close by at 0.2-0.9 miles. Walkability's average; it's suburban with HOA at $235/mo covering maintenance. Recent tax hikes signal rising values, but no big developments popping up nearby. Neighborhood feels steady, not explosive. This 1971 townhome at 5947 Bear Creek Dr, Z-est ~147K, fits right in—spacious layout, attached garage, newish roof. Comps show consistent pricing; it's priced competitively for investors eyeing hold or quick sale.
Market Activity
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Rental Income
$26K
Yield
17.5%
Appreciation
$8K
Year 1 Estimates
Fix-and-Flip
Upgrading this townhome is a smart move to boost value. Modern finishes increase the price per square foot from $117 to $140, a solid 19% gain. This enhancement elevates your sell potential to nearly $239,000. Fresh updates help your home shine, capturing buyer interest and supporting a higher valuation. While rental income remains steady, the added equity creates lasting appeal. This path is a clear winner for increasing your home's overall desirability.
Value Add
$37K
Appreciation
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value reaching up to $239,000. Investors can expect a significant value uplift, effectively bridging the gap between baseline market averages and renovated comp performance in this neighborhood. Monthly rental income is projected at $1,890, delivering a healthy 9.9% yield. With stable appreciation rates and strong demand for renovated townhomes, this asset presents a reliable opportunity for long-term cash flow and capital growth.
Rental Income
$23K
Yield
9.9%
Appreciation
$13K
Year 1 Estimates, Post Typical Renovation
Estimated value
$147K
$114.4K below comp median
Comparative Market Analysis
$201K – $275K
~280 days to sell
Based on 6 comps
5947 Bear Creek Dr, Bedford Heights Investment Report: Flip & Rental Analysis · Frontflip