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28
Values Down to $418K, Rent $3,204
Updated 3 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 30 Mc Dermott Street shows strong potential as a rental asset. Market analysis suggests a monthly income range between $3,115 and $3,288, placing it well within the competitive landscape of the Freehold area. Investors can anticipate an attractive rental yield of approximately 7.32%. With consistent market appreciation adding roughly $9,441 in value annually, this property offers a stable, income-generating opportunity for those looking to expand their real-estate portfolio.
More about this home
Neighborhood Assessment
Freehold Borough's historic charm puts 30 McDermott St right in the heart of it all. You've got walkability to shops, dining, and events – think close to Freehold Raceway Mall and local spots. Schools are solid nearby: Freehold Learning Center (0.7 mi), Intermediate (4/10, 0.9 mi), and Borough High (5/10, 0.8 mi). Comps on the street show steady values, like $560K next door at 1808 sqft and $520K nearby at 1156 sqft. Taxes rose to ~$7.7K, signaling area growth. Risks? Moderate air, severe heat, major wind – but low flood. This 1220 sqft, 3-bed/2-bath colonial at $525K ($430/sqft) fits the neighborhood's pricing. Unfinished walk-out basement screams expansion potential in a desirable spot.
Market Activity
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Rental Income
$38K
Yield
7.3%
Appreciation
$9K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from $308 to $335. This 9% increase helps your property stand out, attracting buyers who appreciate fresh finishes and a move-in-ready living experience. This upgrade unlocks a stronger sell range up to $422,000, while maintaining solid rent potential near $3,235. Investing in these improvements creates a vibrant, updated space that enhances daily living and secures long-term market appeal.
Value Add
$33K
Appreciation
$7K
Post Typical Renovation
Buy-Rehab-Rent
The property offers solid BRR potential with a post-renovation value estimated between $382,000 and $422,000. This uplift is supported by a stable market where renovated units command a premium price per square foot of roughly $335. Investors can expect strong cash flow with projected monthly rents around $3,235. An annual yield of 9.7 percent makes this an attractive, income-generating asset, providing a reliable return relative to the property's anticipated post-renovation market valuation.
Rental Income
$39K
Yield
9.7%
Appreciation
$7K
Year 1 Estimates, Post Typical Renovation
Estimated value
$525K
$106.1K over comp median
Comparative Market Analysis
$292K – $650K
~98 days to sell
Based on 8 comps
30 Mcdermott Street, Freehold Investment Report: Flip & Rental Analysis · Frontflip