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10
Values Up 1.3% to $152K; 10 Comps Used
Updated 3 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental investment. Market analysis suggests a monthly income range between 1,263 and 1,411 dollars. These figures reflect current neighborhood trends for similar three-bedroom, two-bath single-family homes. With an impressive projected yield of 12.8 percent and an estimated annual appreciation of 7,544 dollars, this asset represents a solid opportunity for investors looking to balance consistent monthly cash flow with long-term wealth growth.
More about this home
Neighborhood Assessment
229 11th Ct W sits in Birmingham's Spaulding neighborhood, East Thomas area. Walkability's decent for daily needs, but low school ratings—Wilkerson Middle at 1/10, Parker High at 2/10—drag appeal. Nearby comps sell cheap, like $78K-$91K for similar 3-beds, some as low as $15K. No big developments popping up; it's stable but not hot. Priced at $125K for 1,925 sqft, it's fair but upside's limited without neighborhood boost. Homes here move slow—92 days on market. Risks like major wind/heat concerns factor in, though flood's minimal. Solid for budget buyers, you know, but investors watch turnover.
Market Activity
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Rental Income
$16K
Yield
12.8%
Appreciation
$8K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting price per square foot from $84 to $107, a solid 27% increase. Updated properties shine in this market, offering a compelling edge that elevates your home's overall appeal. Fresh, contemporary finishes create an inviting space that resonates with buyers and renters alike. With a potential valuation jump of over $40,000, these improvements unlock lasting equity and a refined lifestyle that truly stands out.
Value Add
$44K
Appreciation
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $205,000 and $227,000. Renovations capitalize on a $23 price-per-square-foot uplift, effectively transforming the asset from baseline market conditions into a premium rental unit. Investors can expect a steady monthly income of $1,509, generating an 8.4% yield. With reliable appreciation rates and consistent demand, this asset represents a stable, value-add opportunity for building long-term equity in a growing market.
Rental Income
$18K
Yield
8.4%
Appreciation
$13K
Year 1 Estimates, Post Typical Renovation
Asking price
$118K
$45.6K below comp median
Comparative Market Analysis
$139K – $240K
~227 days to sell
Based on 8 comps
229 11th Ct W, Birmingham Investment Report: Flip & Rental Analysis · Frontflip