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Value up to $191K, Rent hits $1,673
Updated yesterday • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $1,395 to $1,673. Based on local market data, this asset offers an impressive potential yield of approximately 30.68%, making it a compelling candidate. Investors should focus on these rental figures rather than historical valuations, as current market trends in Madison Heights support competitive pricing. This property provides a solid foundation for steady cash flow in a reliable neighborhood.
More about this home
Neighborhood Assessment
The Iler Park neighborhood in Madison Heights is a solid, working-class spot that’s been drawing a lot of interest—over 800 views in just 3 days for this listing! It’s a mature area with easy access to I-75 and I-696, which, honestly, makes it a commuter’s dream. Walkability’s not the highlight here, but you’re close to the essentials, and there’s a real sense of stable, middle-America vibes. Schools nearby are a bit lower rated, but families live here for affordability and convenience. Homes on this block move at a wide price range. While your 2-bed/1-bath 931 sqft home is currently priced at $60K, comps just doors down sold between $107K and $174K. Condition likely plays a big role, but there’s clear upside if you’re willing to do some upgrades or cosmetic work. Rental potential is strong too, with rents around $1.3K/month—so whether you’re selling or holding, this is a highly liquid spot with real investor buzz.
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Rental Income
$18K
Yield
30.7%
Year 1 Estimates
Fix-and-Flip
Refreshing a home with modern updates significantly boosts market appeal. Upgraded properties command roughly 195 dollars per square foot compared to the baseline 177, reflecting a strong 9.8 percent increase in value per square foot. This enhancement creates a more attractive property, pushing potential sale values toward 191,000 dollars. With stable rental returns, these improvements offer a smart way to modernize your space and maximize long-term equity in this neighborhood.
Value Add
$16K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $173,000 and $191,000. Investors can expect a healthy 10.3% yield, supported by a projected monthly rental income of $1,563 in this stable market. The spread between baseline and renovated pricing suggests a moderate value-add opportunity. With consistent rental demand and competitive square footage, this investment provides a reliable cash flow foundation for a disciplined buy-and-hold strategy.
Rental Income
$19K
Yield
10.3%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$60K
$88K below comp median
Comparative Market Analysis
$110K – $200K
~35 days to sell
Based on 8 comps
973 E Guthrie Ave, Madison Heights Investment Report: Flip & Rental Analysis · Frontflip