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Values up to $583K, Rent hits $3,349
Updated 9 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Beverly Shores, with monthly income potential ranging between $2,893 and $3,251. These figures reflect a competitive market position that aligns well with local rental trends for similar homes. Investors can anticipate an attractive rental yield of approximately 6.19%. With a healthy projected appreciation rate of over 10%, this property serves as a solid candidate for those looking to build steady cash flow.
More about this home
Neighborhood Assessment
4 W Leewater Ave sits in a small, quiet, higher-end pocket of Beverly Shores, just off Broadway and near Lake Michigan and the Indiana Dunes. Nearby homes on Leewater and Broadway ranging roughly from the low 300Ks to high 700Ks suggest a stable, demand-driven micro-market. The area isn’t about big-box retail; it’s more of a laid-back, nature-first, second-home and upper-tier primary market. Walkability is moderate—great for beach, dunes, and local spots, but you’ll drive for major shopping, schools, and daily errands. Flood risk is the main environmental concern to underwrite carefully.
Market Activity
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Rental Income
$37K
Yield
6.2%
Appreciation
$62K
Year 1 Estimates
Fix-and-Flip
Updated features create a fresh, inviting atmosphere that helps homes shine. While price per square foot sits at roughly 158 dollars compared to the 161 dollar baseline, these improvements enhance long-term appeal and daily livability. Modernizing your space offers great potential for steady rental returns and future enjoyment. With a price per square foot shift of about 2 percent, focusing on quality finishes ensures your home remains a top-tier neighborhood choice.
Comps
5
Buy-Rehab-Rent
This property shows strong potential, with a post-renovation value estimated between $405,000 and $448,000. With 2,808 square feet, the layout provides significant room to build equity through strategic upgrades and modernization of the 1952 structure. Rental performance remains solid, projecting $3,017 in monthly income and an 8.5% yield. Given the 10.4% market appreciation rate, this asset offers a reliable path for long-term wealth building and stable cash flow for investors.
Rental Income
$36K
Yield
8.5%
Appreciation
$45K
Year 1 Estimates, Post Typical Renovation
Estimated value
$595K
$92.9K over comp median
Comparative Market Analysis
$263K – $705K
~47 days to sell
Based on 8 comps
4 W Leewater Ave, Beverly Shores Investment Report: Flip & Rental Analysis · Frontflip