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4
Value up to $259K, Rent at $2,006
Updated 2 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The rental market in Utica shows strong potential for this property. You can expect a monthly income between $1,577 and $1,714, making it a reliable choice for investors seeking steady cash flow in this neighborhood. With an impressive estimated yield of nearly 12%, this property stands out as a solid investment. The combination of consistent market demand and attractive rental rates makes it a great opportunity for growing your portfolio.
More about this home
Neighborhood Assessment
Utica’s Nichols St neighborhood is quiet, private, and well-positioned for growth, being just a short walk from downtown and local gems like Jimmy Johns Stadium. Walkability is a highlight—residents can reach parks, schools, and shopping spots in minutes. However, schools are pretty mixed, with Dresden Elementary scoring low but Henry Ford II High School excelling, so families will definitely want to factor that in before investing. Recent comp sales for similar 2-bed, 1-bath homes (e.g. 7579 Nichols St) have reached $240K, but this property’s condition is a big hurdle: it needs major work on the roof, plumbing, and crawlspace. Flood risk is also high (FEMA: Severe), so buyers or sellers should strongly consider flood insurance. There’s great land value here—huge double lots in a spot where lots don’t come cheap.
Market Activity
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Rental Income
$20K
Yield
12.0%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers clear benefits for value. Upgraded properties achieve a price of 220 dollars per square foot, compared to 212 dollars for others. This represents a 4 percent increase, creating a stronger overall market appeal. Fresh renovations unlock higher potential sale prices up to 243,000 dollars, alongside consistent rental returns. This path enhances lifestyle quality and property desirability, making it a sound strategy for building long-term equity and attracting quality buyers.
Value Add
$8K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $220,000 and $243,000. These figures, supported by recent market trends, provide a reliable baseline for calculating equity capture and successful long-term hold strategies. Investors can expect a monthly rental income of $1,654, generating an 8.6% yield. With manageable square footage and stable appreciation projections, this asset serves as an attractive option for building a consistent, cash-flowing real estate portfolio.
Rental Income
$20K
Yield
8.6%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$165K
$76.2K below comp median
Comparative Market Analysis
$156K – $330K
~96 days to sell
Based on 8 comps
7553 Nichols St, Utica Investment Report: Flip & Rental Analysis · Frontflip