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Values up 4%, Rent hits $3,583
Updated 4 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong potential as a turnkey rental. Based on current market data, you can expect monthly rental income between $3,001 and $3,574. These figures reflect a solid foundation for your investment strategy in Marion. With an estimated yield of 6.22%, this home offers a reliable income stream. By targeting the top end of the rental range, you can maximize returns while benefiting from a steady projected annual market appreciation.
More about this home
Neighborhood Assessment
Marion's Joanne Drive sits in a solidly established residential neighborhood with well-maintained homes built in the mid-1990s. The area benefits from excellent schools—Sippican Elementary rates 5 stars and Old Rochester Regional High School rates 8 stars—which strongly supports family appeal and rental demand. Comparable properties on the street consistently trade in the $590K-$720K range, with your 4-bed, 1,626 sqft home valued at $634K, positioning it competitively. The neighborhood shows steady appreciation over the past decade with property values climbing from ~$330K to $635K.
Market Activity
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Rental Income
$39K
Yield
6.2%
Appreciation
$10K
Year 1 Estimates
Fix-and-Flip
Updating your home offers a compelling way to stand out. These improvements boost the price per square foot to roughly $357, compared to $347 for others, reflecting a positive increase of nearly three percent in value. Refining your space enhances appeal and creates a fresh, modern atmosphere. This upgrade strengthens your property’s positioning, offering potential gains in sale and rental interest. Investing here unlocks new possibilities for long-term comfort and future growth.
Value Add
$16K
Appreciation
$9K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a stable BRR opportunity with an estimated post-renovation value between $544,000 and $601,000. With a solid foundation, renovations should align well with the local market preference for updated, functional family homes. Projected rental income hits approximately $3,293 monthly, providing a healthy 6.9% yield. This steady cash flow potential, supported by consistent area demand, makes it a reliable asset for investors seeking sustainable long-term returns in this zip.
Rental Income
$40K
Yield
6.9%
Appreciation
$9K
Year 1 Estimates, Post Typical Renovation
Estimated value
$634K
$18.3K below comp median
Comparative Market Analysis
$410K – $705K
~341 days to sell
Based on 8 comps
18 Joanne Drive, Marion Investment Report: Flip & Rental Analysis · Frontflip