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5
Values Down to $228K, Rent Steady
Updated 8 days ago • 2 new comps
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 ranging from $1,948 to $2,094, reflecting the solid demand for single-family homes in this neighborhood. With an estimated rental yield of approximately 7.73%, this investment offers a compelling return profile. The consistent performance of similar homes in the area makes this a stable candidate for your rental property portfolio.
More about this home
Neighborhood Assessment
Park Manor in Portsmouth is a stable, mid-priced neighborhood with mostly 1950s single-family homes and generous lots, which gives the street a classic, owner-occupied feel. Nearby comps in the $230K–310K range and a Zestimate around $315K suggest steady appreciation and solid underlying demand. Walkability is moderate: you’re close to local schools (Simonsdale Elementary, Manor High) and everyday services, but most errands still require a short drive. Climate and wind risk mean you’ll want decent insurance, yet the area’s long-term value trend and rental demand (roughly low-$2K rent range) look attractive for buy-and-hold investors.
Market Activity
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Rental Income
$24K
Yield
7.7%
Year 1 Estimates
Fix-and-Flip
Modern updates significantly boost appeal, pushing values to around $222 per square foot compared to the $203 baseline. This represents a 9% increase in value, making your home a standout choice for savvy future buyers. Focusing on fresh renovations unlocks a higher sales ceiling of $336,000 and consistent rental interest. Investing in these improvements creates a beautiful, modern living space while securing a stronger, more competitive position in the local market.
Value Add
$27K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential with a post-renovation value estimated between $304,000 and $336,000. Upgrading this 1,436-square-foot home aligns well with local market trends, positioning the asset for significant equity growth and long-term appreciation. Investors can expect a steady monthly rental income of $2,169, yielding an attractive 8.1% return. This performance, supported by healthy local rental demand, confirms that this property is a viable candidate for the BRRRR strategy.
Rental Income
$26K
Yield
8.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
$314K
$104.6K over comp median
Comparative Market Analysis
$125K – $360K
~54 days to sell
Based on 8 comps
303 Saunders Dr, Portsmouth Investment Report: Flip & Rental Analysis · Frontflip