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Value Down 9.8%, 11 Comps Support $150K
Updated 11 days ago
Your Investment Paths
Turnkey Rental
The property shows strong potential as a rental, with expected monthly income ranging between $1,608 and $1,834. This estimate is supported by consistent performance from similar five-bedroom homes in the Bay City neighborhood area. Investors can anticipate an attractive yield of 15.31%, complemented by a solid annual appreciation rate of 7.52%. Given these figures, this unit stands out as a promising opportunity for steady cash flow and long-term growth.
More about this home
Neighborhood Assessment
This stretch of N Lincoln in Bay City is a stable, older residential pocket with mostly single‑family homes and modest values, generally in the 95K–165K range. Walkability’s decent for a small Midwest city, with everyday conveniences and Washington Elementary, Handy Middle, and Bay City Central High all within roughly 1–2 miles. Climate and environmental risk are low, with minimal flood, fire, and wind risk and only moderate heat risk, which helps long‑term livability and insurance costs. The area feels working‑to‑middle class, with gradual tax‑value growth suggesting slow but steady appreciation rather than big speculative jumps.
Market Activity
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Rental Income
$21K
Yield
15.3%
Appreciation
$10K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a significant edge. Updated properties capture a price per square foot of 82.10, outperforming the neighborhood baseline of 66.68. This represents a 23 percent boost in value, helping your home shine among competitors. Upgrades offer a path to higher market appeal and potential. By modernizing, you can push your property’s reach toward 230,000 in value. This investment improves your lifestyle while securing a strong position in the current market.
Value Add
$41K
Appreciation
$16K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a promising renovation play with an after-repair value reaching up to $230,000. Upgrading this 1873 build effectively captures market appreciation, yielding an attractive 9.9% return based on a $1,813 monthly rental income. The 5-bedroom layout supports stable cash flow, ensuring competitive rental demand. With solid yield potential and a clear path to value creation, this acquisition presents a reliable opportunity for investors seeking long-term income and equity growth.
Rental Income
$22K
Yield
9.9%
Appreciation
$16K
Year 1 Estimates, Post Typical Renovation
Estimated value
$135K
$87K below comp median
Comparative Market Analysis
$185K – $300K
~213 days to sell
Based on 8 comps
1412 N Lincoln St, Bay City Investment Report: Flip & Rental Analysis · Frontflip