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7
Value Down to $122K; Yield at 10%
Updated 2 days ago
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with monthly income estimated between $1,043 and $1,055. These figures reflect a solid market performance for 3-bedroom, 1-bath homes in this area, offering a reliable stream for your investment. With an impressive yield of roughly 64%, this unit stands out as a high-potential income generator. Current market trends suggest steady appreciation, making this a promising opportunity for homeowners looking to maximize their property's value.
More about this home
Neighborhood Assessment
Crane, MO's small-town vibe on Crane St offers central walkability to local spots, but it's no pedestrian paradise. Nearby comps sell cheap—$7K to $20K for similar fixer-uppers averaging 1K sqft—signaling a soft market with low demand. Schools rate average (4-5/10), and no big developments like malls or stores are popping up. Fire risk is major here, you know, with rising probabilities over 30 years. Still, tiny $177 taxes keep holding costs down. This 1920-built 3-bed/1-bath at 802 sqft fits the undervalued neighborhood pattern, listed around $20K historically with price cuts. It's got flip bones if you're handy, but buyer pool's thin in this quiet rural pocket.
Market Activity
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406 Crane St, Crane Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$13K
Yield
64.6%
Appreciation
$472
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from roughly 122 dollars to over 152 dollars. This represents a healthy 25 percent increase, helping your property shine in a competitive market. Investing in updates increases your potential sale price, reaching up to 129,000 dollars while creating an inviting atmosphere. This approach offers great long-term rewards, blending immediate equity growth with a fresh, modern lifestyle that attracts buyers.
Value Add
$24K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an after-repair value between $116,000 and $129,000. Renovations should effectively bridge the gap between current baseline values and the higher market-ready price point, maximizing your initial equity. With monthly rental income projected at $1,020, the investment generates an attractive 10% yield. This steady cash flow, combined with consistent local appreciation, makes this 802-square-foot home a reliable, income-producing asset for any rental portfolio.
Rental Income
$12K
Yield
10.0%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$20K
$123.7K below comp median
Comparative Market Analysis
$126K – $185K
~256 days to sell
Based on 3 comps