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Rent Potential Up, Values Slip to $120K
Updated 2 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The rental market for this property shows solid potential, with projected monthly income ranging between $1,571 and $1,740. These figures reflect current local demand and provide a clear picture of what this asset can generate. Investors can anticipate a rental yield of approximately 2.23%. While this is a modest entry point, the estimated annual appreciation of $8,135 offers additional long-term value, making this a steady option for your portfolio.
More about this home
Neighborhood Assessment
This 179-acre vacant land parcel in rural Edgecombe County presents significant environmental challenges that'll impact development potential. The property sits in an area with severe wind risk (probability increasing to 80% within 30 years) and elevated heat exposure, plus it's positioned on State Highway 124—a rural corridor with limited commercial activity. School ratings are mixed (middle school rated 5, but high school rated 2), and the neighborhood lacks the walkability or nearby developments that typically drive upside. Comparable properties on the same highway show modest values ($18K-$300K), suggesting this $890K purchase price reflects the land's acreage rather than strong market fundamentals.
Market Activity
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Rental Income
$20K
Yield
2.2%
Appreciation
$8K
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a significant boost to its market appeal. Updated homes command a price per square foot of roughly $82, compared to $56 for standard properties, representing an impressive 47 percent value increase. Refreshing the interior unlocks substantial potential, lifting the property’s valuation toward $161,000. These improvements also enhance rentability, attracting high-quality tenants and creating a more comfortable, contemporary living space that stands out in this neighborhood.
Value Add
$49K
Appreciation
$1K
Post Typical Renovation
Buy-Rehab-Rent
This property shows strong BRRRR potential, with renovations projected to boost value to between $146,000 and $161,000. Investors can expect a solid 13.6% yield, supported by a healthy monthly rental income estimate of $1,744. Market data confirms an impressive 46% increase in price per square foot after upgrades. With rental demand aligned with these upgrades, this asset offers a reliable path for building equity and generating consistent long-term cash flow.
Rental Income
$21K
Yield
13.6%
Appreciation
$1K
Year 1 Estimates, Post Typical Renovation
Estimated value
$890K
4256 State Highway 124 W, Macclesfield Investment Report: Flip & Rental Analysis · Frontflip