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Values at $654K, 8 Comps Confirmed
Updated 2 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The rent potential for 504 Lilac Drive looks promising, with monthly income projections ranging between $3,611 and $4,063. This range reflects current market demand for similar four-bedroom, four-bath single-family homes in the Middletown area. Investing here offers an attractive estimated yield of 7.43%. With an annual appreciation of over $21,000 based on local market trends, this property presents a solid opportunity for steady rental income and long-term asset growth.
More about this home
Neighborhood Assessment
504 Lilac Dr sits in a mature, owner‑occupant, A‑class style neighborhood in Middletown, with similar 4‑bed homes trading in the low‑ to mid‑$500Ks and up. The area benefits from strong school appeal: Middletown High is a standout, rated 9 and just a short walk away, which is a big draw for families and long‑term tenants. You’re in a suburban, car‑friendly pocket with larger lots around 0.35 acres and homes mostly built around 2000, so the streets feel consistent and stable. Flood and fire risk are minimal, though wind risk is higher than average, which investors should factor into insurance assumptions and long‑term operating costs.
Market Activity
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Rental Income
$46K
Yield
7.4%
Appreciation
$22K
Year 1 Estimates
Fix-and-Flip
Updating your home creates an inviting, modern atmosphere that resonates with today’s buyers. While the price per square foot sits at $144 versus the neighborhood’s $151, these homes offer a refreshed living experience that enhances overall market appeal. This project can unlock lifestyle benefits and steady rental demand, with potential monthly returns nearing $4,000. By modernizing your space, you create a standout property that captures interest, ensuring long-term pride of ownership and lasting home value.
Comps
4
Buy-Rehab-Rent
This property offers a post-renovation value between $573,000 and $633,000. With 4,050 square feet, the project shows steady market demand. Investors can expect a solid annual rental income of $47,028, balancing market growth with consistent performance. The projected 7.8% yield confirms a reliable return profile for this asset class. With moderate appreciation rates of 3.49%, the investment remains a practical choice for long-term holders seeking stable cash flow in this suburban market.
Rental Income
$47K
Yield
7.8%
Appreciation
$21K
Year 1 Estimates, Post Typical Renovation
Asking price
$640K
$14.1K below comp median
Comparative Market Analysis
$590K – $799K
~73 days to sell
Based on 8 comps
504 Lilac Dr, Middletown Investment Report: Flip & Rental Analysis · Frontflip