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23
Value dips to $660K, rent to $3,663
Updated 3 days ago
Your Investment Paths
Turnkey Rental
The property offers strong rental potential in Wilmington, with estimated monthly income ranging from $3,048 to $3,605. This reflects a solid market demand, positioning the unit as an attractive option for steady rental cash flow. With an estimated yield of 5.73% and an annual appreciation boost of approximately $14,532, this investment aligns well with regional trends. The data suggests a reliable path for generating consistent passive income for property owners.
More about this home
Neighborhood Assessment
9 Kiernan Ave sits in a solid Wilmington, MA neighborhood with strong walkability to shopping and commuter rail—perfect for commuters. Nearby comps on Kiernan and Chelsea Sts average ~$650K Zestimates, showing steady appreciation since the area's 2020 sales around $525K. Schools like Wilmington High (rating 7/10) just 0.8 miles away add family appeal. You know, it's got that half-acre lot others envy, and tax-assessed value hit $553K recently. No major new developments popping up, but highway access and consistent value growth signal reliable upside without the hype.
Market Activity
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Rental Income
$40K
Yield
5.7%
Appreciation
$15K
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates a fresh, inviting atmosphere that resonates with today’s buyers. While the price per square foot remains stable at roughly $510, these updates help your property stand out, potentially boosting monthly rental income. Investing in these improvements enhances your home’s character and livability. By prioritizing quality finishes, you create a standout property that captures attention. Focus on high-impact updates to maximize personal enjoyment and long-term rental appeal for tenants.
Comps
20
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $562,000 and $621,000. With a consistent rental income of $3,662 per month, the asset generates reliable cash flow in a stable market environment. The 7.4% yield is attractive for this asset class, providing a healthy return on investment. Given the steady appreciation trends, this project represents a practical, low-risk opportunity for long-term wealth building through disciplined property repositioning.
Rental Income
$44K
Yield
7.4%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Estimated value
$697K
$13.3K below comp median
Comparative Market Analysis
$600K – $835K
~113 days to sell
Based on 8 comps
9 Kiernan Ave, Wilmington Investment Report: Flip & Rental Analysis · Frontflip