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Rent climbs to $2,714 at 423 Main St
Updated yesterday
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential in the Dorchester area. Based on recent market data, you can expect monthly rental income between $2,528 and $2,714, reflecting a strong potential yield of approximately 26.4 percent. Current market trends suggest this home is well-positioned for investors. With solid rental demand and competitive pricing nearby, this asset offers a promising opportunity to generate consistent monthly cash flow while benefiting from local appreciation.
More about this home
Neighborhood Assessment
Dorchester, NJ in Maurice River Township offers a quiet, rural vibe with low taxes around $1.5K yearly—perfect for budget-minded investors. Walkability's limited, but you've got Maurice River Township Elementary (4/10 rating, 2.5 miles away). Nearby comps on Main St range $100K-$230K, similar sizes, showing steady demand. No big developments popping up, you know, it's stable countryside living. This 1873 colonial at 423 Main St (3 beds, 2 baths, 1.3K sqft) lists at $119K after price cuts from $225K, a bank-owned deal needing TLC. Comps suggest solid value at $90/sqft; flip potential's decent if you modernize kitchen and baths.
Market Activity
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Rental Income
$31K
Yield
26.4%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a compelling advantage, boosting your value to roughly 156 dollars per square foot compared to 127 dollars for standard homes. This 23 percent increase helps your property shine in a competitive market. Investing in updates elevates your home's appeal, potentially pushing your sale price toward the 200,000 mark. These refinements create a fresh, inviting space that resonates with buyers and investors alike, unlocking significant new lifestyle possibilities.
Value Add
$38K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $181,000 and $200,000. Upgrading the home captures significant market value, effectively leveraging the current renovation premium while positioning the asset for long-term growth. Rental performance is a standout feature, projecting $2,332 in monthly income. With a strong 14.7% yield, the asset delivers excellent cash flow potential, making it a practical, income-focused addition to any real estate investment portfolio.
Rental Income
$28K
Yield
14.7%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Asking price
$75K
$165K below comp median
Comparative Market Analysis
$113K – $425K
~282 days to sell
Based on 7 comps
423 Main St, Dorchester Investment Report: Flip & Rental Analysis · Frontflip