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Values Hold, Rent Potential to $2,642
Updated today • 6 new comps
Your Investment Paths
Turnkey Rental
The property at 2445 Ridgetop Cir offers a strong rental outlook in Ames. Market data suggests a potential monthly income ranging from $2,486 to $2,840, making it a viable option for steady long-term cash flow. With an estimated annual yield of 6.87%, this investment capitalizes on stable local demand. The projected annual appreciation of $12,639 further enhances the long-term value, positioning this home as an attractive opportunity for rental investors.
More about this home
Neighborhood Assessment
Northridge in Ames is one of those neighborhoods people talk about when they want quiet streets, big lawns, and access to top schools. Fellows Elementary has a standout 9/10 rating, and Ames High is an 8, which is great for families looking for solid public education close by. You get 0.4 acres of yard to stretch out, and being so close to parks means weekend walks or bike rides are basically built into your routine. The area's seen steady property values and minimal risks—both flood and fire scores are low to moderate, which is pretty reassuring for long-term ownership.
Market Activity
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Rental Income
$32K
Yield
6.9%
Appreciation
$13K
Year 1 Estimates
Fix-and-Flip
Updated bathrooms transform daily routines into a luxury spa experience. While the market data shows a modest price per square foot of $204 versus the $205 baseline, this refinement significantly boosts your home's unique appeal. Refreshing your bathrooms elevates your property above the competition, enhancing its long-term desirability. With a rent potential of up to $3,028, this investment secures a premium position in the neighborhood, ensuring lasting value and comfortable living.
Comps
1
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $570,000 and $630,000. Leveraging its 3,100 square feet, the investment aligns well with local market trends while providing significant upside through strategic updates and effective repositioning. Projected rental income hits approximately $2,642 monthly, generating an annual return of $31,704. Although the 5.3% yield is moderate, the asset's size and 1993 construction provide a reliable foundation for long-term equity growth and steady cash flow.
Rental Income
$32K
Yield
5.3%
Appreciation
$16K
Year 1 Estimates, Post Typical Renovation
Estimated value
$465K
$7.4K over comp median
Comparative Market Analysis
$418K – $850K
~152 days to sell
Based on 8 comps
2445 Ridgetop Cir, Ames Investment Report: Flip & Rental Analysis · Frontflip