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Value up to $279K, Rent at $2,100
Updated 11 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
706 S 3rd St shows strong rental potential, with estimated monthly income ranging from $2,036 to $2,163. With a solid yield of 9.56%, this property stands out as a reliable choice for long-term income generation. Midlothian remains a steady market for single-family homes. This property fits well within the local range, offering a smart entry point for investors seeking consistent returns in a stable neighborhood with competitive rental demand.
More about this home
Neighborhood Assessment
This South Midlothian neighborhood offers solid, working-class stability with modest appreciation potential. The area features well-maintained single-family homes built in the 1970s on similar lot sizes, with comparable properties ranging from $234K to $278K. Strong school proximity (elementary 0.2 miles away) and established infrastructure support long-term residential appeal, though the locale lacks trendy walkability or major new developments.
Market Activity
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Rental Income
$25K
Yield
9.6%
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates an inviting atmosphere that truly stands out. With the price per square foot rising to $218 from the $214 baseline—a 2% increase—these enhancements offer a fresh, desirable feel that attracts quality interest. Investing in these updates boosts your potential value and supports solid rental income around $2,100 monthly. This approach is a fantastic way to enjoy your living space while ensuring the property remains competitive and appealing to others.
Value Add
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a stable BRR opportunity with an estimated post-renovation value between $243,000 and $269,000. With a solid rental income projection of $2,103 monthly, investors can expect a healthy annual return of roughly 9.9%. The market data indicates reliable demand for this 1,210-square-foot home. While the renovation uplift is moderate, the consistent rental yield makes this a practical candidate for building long-term equity in a steady real estate market.
Rental Income
$25K
Yield
9.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$263K
$15.9K below comp median
Comparative Market Analysis
$254K – $339K
~28 days to sell
Based on 8 comps
706 S 3rd St, Midlothian Investment Report: Flip & Rental Analysis · Frontflip