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706 S 3rd St, Midlothian Investment Report: Flip & Rental Analysis · Frontflip
Values up to $279K, Rent at $2,100
Updated 10 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
The property at 706 S 3rd St shows solid rental potential with projected monthly income between $2,036 and $2,163. These figures align well with surrounding market trends for 3-bedroom, 2-bathroom homes in the Midlothian area. Investors can anticipate an attractive rental yield of approximately 9.56%. With current demand for single-family rentals, this property stands out as a reliable income-generating asset compared to similar homes in the local market.
More about this home
Neighborhood Assessment
706 S 3rd St in Midlothian's Southside neighborhood offers solid fundamentals for value-focused buyers. This 1,210 sqft, 3-bed/2-bath 1975 ranch sits on a 7,100 sqft lot with comparable homes in the immediate area ranging from $234K–$278K. Recent roof installation and move-in ready condition are genuine pluses. The neighborhood shows consistent pricing stability with comps clustering around $240K–$250K, suggesting fair market positioning near the $263K current valuation.
Market Activity
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Rental Income
$25K
Yield
9.6%
Year 1 Estimates
Fix-and-Flip
Updating your home creates a modern, refreshed feel that helps your property truly shine. By investing in these improvements, your home can see a price per square foot of roughly 218 dollars, a modest lift from 214. These enhancements offer a solid foundation for long-term value, boosting your rental potential significantly. With a potential sale price climbing toward 269 thousand dollars and a 2 percent lift in value, this upgrade is a smart move.
Value Add
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property shows moderate potential with a projected post-renovation value between $243,000 and $269,000. While the flip margin is currently tight, the rental yield of 9.86% provides a stable foundation for long-term buy-and-hold success. Expect consistent monthly rental income of approximately $2,103. With careful cost management during renovations, this asset offers reliable cash flow and a solid yield in a market where rental demand remains steady and well-supported.
Rental Income
$25K
Yield
9.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$263K
$15.9K below comp median
Comparative Market Analysis
$254K – $339K
~29 days to sell
Based on 8 comps