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735 Grove Ave, Johnstown Investment Report: Flip & Rental Analysis · Frontflip
19
Values Down 13%, 3 Comps Confirm $195K
Updated yesterday • 2 new comps
Your Investment Paths
Turnkey Rental
This property at 735 Grove Ave shows significant rental potential. Market data for similar local homes suggests a monthly income range between $1,130 and $1,385, positioning it as a strong candidate for a steady rental income. With an impressive estimated rental yield of 25.15%, this investment stands out in the current Johnstown market. The potential returns are highly encouraging for investors looking to capitalize on this property's specific configuration and size.
More about this home
Neighborhood Assessment
The Moxham neighborhood in Johnstown is a quiet, older residential area packed with character homes like this one—lots of original woodwork, stained glass, and other early 20th-century details. Walkability is reasonable, with some basic amenities nearby, but schools within reach are rated on the lower side. Most surrounding homes appear deeply discounted, with comps on the same block ranging from $6K to $15K, so the market is soft and buyers have options. It’s affordable, but not fast-moving.
Market Activity
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Rental Income
$15K
Yield
25.1%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, jumping from a base rate of $62 per square foot to $77 per square foot. This 24% increase helps your property shine, attracting buyers and potentially securing a higher price point. Updated homes move much faster, cutting time on the market by nearly 300 days. With improved rental potential and a strong estimated value-add of $37,619, these enhancements offer a fantastic path toward building long-term equity and lifestyle satisfaction.
Value Add
$38K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $190,000 and $210,000. Upgrading brings significant equity, as renovation comps show a strong 24 percent price increase compared to baseline market conditions. Projected rental income sits at $1,414 monthly, providing a stable 8.5 percent yield. This reliable cash flow makes the property an attractive long-term hold, provided renovation costs stay aligned with current market sqft pricing trends.
Rental Income
$17K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$60K
$135.6K below comp median
Comparative Market Analysis
$150K – $255K
~351 days to sell
Based on 3 comps