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Values drop to $158K, 8 comps align
Updated 12 days ago • 18 new comps
Your Investment Paths
Turnkey Rental
The property at 167 Willis Street shows strong rental promise for investors. Market data indicates a competitive monthly income range between $1,562 and $1,809, offering a solid foundation for consistent cash flow in Bedford. With a projected annual appreciation of $3,723 and a healthy yield of approximately 31.1%, this asset represents a compelling opportunity. These figures suggest that strategic leasing could significantly outperform the area's current market averages.
More about this home
Neighborhood Assessment
Bedford's Willis St neighborhood offers solid investor potential in a stable, working-class area of Cuyahoga County. Walkability's decent with parks and schools nearby—Central Primary just 0.3 miles away, Bedford High 1.1 miles. Comps show values around 80-100K for similar 3-bed homes, while this 1,574 sqft colonial lists at 65K as an auction deal. No big developments popping up, but highway access keeps it convenient. It's got that classic charm, you know, but needs work to shine. Local schools rate average at 5/10, and nearby rentals like 165 Willis at $1.65K/mo hint at steady demand. Risk's low—minimal flood, fire concerns. Still, it's not flipping hot; more hold-and-rent vibe with prices steady, not surging.
Market Activity
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Rental Income
$20K
Yield
31.1%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Updating your home offers a clear boost in value, raising the price per square foot from roughly 59 to 67 dollars. This represents a 14 percent increase, helping your property outshine others and attract quality interest. Investing in these improvements enhances your home’s appeal and supports a strong sell price potential up to 109,000 dollars. With a steady rent potential reaching 1,800 dollars, this upgrade is a smart path to building lasting value.
Value Add
$13K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $99,000 and $109,000. Revitalization efforts effectively capture value, bridging the gap between baseline market averages and updated competitive pricing for this square footage. The project yields a strong 16.9% return based on a projected $1,465 monthly rental income. This cash flow performance, combined with reliable market appreciation, creates a practical and viable opportunity for long-term wealth building.
Rental Income
$18K
Yield
16.9%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$65K
$93.5K below comp median
Comparative Market Analysis
$115K – $228K
~47 days to sell
Based on 8 comps
167 Willis St, Bedford Investment Report: Flip & Rental Analysis · Frontflip