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Values up to $152K, 8 comps analysis
Updated 3 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential in the Elmendorf area. Based on current market trends, monthly income is estimated to range between $1,498 and $1,599, providing a strong projected yield of approximately 10.93 percent. With a stable market presence, this home is well-positioned for investors seeking consistent cash flow. Comparing similar local properties confirms this rental range is achievable, making it a viable option for a rental portfolio.
More about this home
Neighborhood Assessment
Elmendorf's Waterwood neighborhood offers solid family appeal with established community amenities like jogging trails and playgrounds. The area shows steady appreciation—this 2009-built home's assessed value climbed from $74K (2016) to $209K today, reflecting consistent market demand. However, the region faces significant climate challenges: severe wind risk (8/10) with 80% probability within 30 years, and extreme heat exposure (8/10). Schools nearby rate modestly (4-6 ratings). The $170K asking price ($115/sqft) positions it competitively against comparables, though limited walkability and rural character limit urban convenience.
Market Activity
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Rental Income
$19K
Yield
10.9%
Year 1 Estimates
Fix-and-Flip
Updating your home is a fantastic way to capture buyer interest. Updated properties see a price per square foot of $167.07, a healthy increase over the $129.78 baseline, representing a solid 28.7% jump in value per area. These improvements make your home stand out, with sell potential climbing to $250,000 and rental income reaching $2,064. Investing in modern features creates a welcoming lifestyle, unlocking better market positioning and helping your property shine for future residents.
Value Add
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a post-renovation value between $226,000 and $250,000. With a solid 4-bed layout and a rental yield of 8.3%, it presents a stable opportunity for investors looking to build consistent cash flow. Monthly rental income is estimated at $1,648, totaling $19,776 annually. Given the limited value uplift from renovations, focus on minimizing repair costs to maximize the margin between your acquisition price and the final market value.
Rental Income
$20K
Yield
8.3%
Year 1 Estimates, Post Typical Renovation
Estimated value
$170K
$36.2K over comp median
Comparative Market Analysis
$118K – $171K
~43 days to sell
Based on 8 comps
4630 Waterwood Pass, Elmendorf Investment Report: Flip & Rental Analysis · Frontflip