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31
Rent estimate shifts to $1,606
Updated yesterday
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging between $1,557 and $1,783. These figures align well with local market trends for similar single-family homes, offering a solid foundation for consistent monthly cash flow. With an impressive projected yield of 31.31%, this investment stands out as a high-performing opportunity for your portfolio. The combination of steady rental income and projected market appreciation makes this an excellent asset to consider.
More about this home
Neighborhood Assessment
760 W 9th St sits in Lorain's Selah Chamberlain neighborhood, a working-class area with affordable single-family homes around 70-140K. Nearby comps like 802 W 9th (3-bed multi-family at 139K) and 666 W 9th (3-bed at 95K) show steady demand for fixer-uppers. Schools are mixed—Admiral King Elementary rates 5/10, middle 6/10, but high school lags at 3/10. Walkability's decent near Lake Erie, though no big developments popping up. Low risks for flood, fire make it stable. It's a classic 1900 colonial needing work, recently sold for 64K after listing at 77K. With 4 beds, 2 baths, full basement on a small 3.5K sqft lot, you've got bones for value-add in this entry-level market.
Market Activity
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Rental Income
$20K
Yield
31.3%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a significant competitive edge. With a price per square foot of $97 versus the $74 baseline, your property gains a 31% increase in value, lifting your potential sale price to roughly $200,000. This transformation unlocks impressive value, pushing potential earnings well beyond standard neighborhood averages. Whether you are seeking a fresh lifestyle upgrade or a smart investment, modernizing your space is a proven strategy for maximizing long-term appeal.
Value Add
$43K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property shows strong BRR potential with a post-renovation value reaching up to $201,000. Renovations capitalize on a 30 percent value uplift, effectively moving the asset from baseline market pricing to a more premium competitive position. Estimated rental income of $1,606 monthly supports a solid 10.1 percent yield. With market appreciation contributing significantly to long-term equity, this asset presents a balanced opportunity for investors seeking stable cash flow and value-add growth.
Rental Income
$19K
Yield
10.1%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$64K
$109.5K below comp median
Comparative Market Analysis
$160K – $315K
~100 days to sell
Based on 8 comps
760 W 9th St, Lorain Investment Report: Flip & Rental Analysis · Frontflip