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37
Rent Climbs to $2,416, Yield at 10.9%
Updated 10 days ago
Your Investment Paths
Turnkey Rental
The property at 18400 22 Mile Road shows strong rental potential within the Macomb market. Monthly income estimates range from $2,292 to $2,597, positioning it well for investors seeking stable cash flow in this area. With a solid rental yield of approximately 10.86%, this property stands out as a compelling opportunity for landlords. The steady market appreciation of roughly $8,763 annually further enhances the long-term value for your portfolio.
More about this home
Neighborhood Assessment
This 1.16-acre Macomb property sits in an established residential area with solid school access—Mohawk Elementary (rated 7) is just 0.4 miles away and Dakota High School (rated 7) is 1.7 miles out. The neighborhood shows mixed market activity with comparable homes ranging from $250K to $675K, indicating a transitional zone with both modest and upscale properties nearby. At $136/sqft, this property is priced competitively against comps.
Market Activity
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Rental Income
$29K
Yield
10.9%
Appreciation
$9K
Year 1 Estimates
Fix-and-Flip
Updating your home offers a clear boost, increasing value to roughly 159 dollars per square foot compared to the baseline 155 dollars. This shift reflects a three percent gain in value, keeping your property competitive. Modernizing your space enhances lifestyle quality while protecting your investment. With potential sale values reaching 326,000 dollars and strong rental appeal, these improvements help your home shine, ensuring it stays desirable for years to come.
Value Add
$10K
Appreciation
$10K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value ranging from $295,000 to $326,000. These figures align well with neighborhood comps, ensuring a stable foundation for long-term equity growth through strategic cosmetic and structural upgrades. Strong cash flow prospects support this investment, featuring an estimated $2,329 monthly rental income. A 9.0% yield provides an attractive return, making this a practical choice for investors seeking a balance of consistent income and appreciation.
Rental Income
$28K
Yield
9.0%
Appreciation
$10K
Year 1 Estimates, Post Typical Renovation
Estimated value
$270K
$157.5K below comp median
Comparative Market Analysis
$353K – $588K
~48 days to sell
Based on 8 comps
18400 22 Mile Rd, Macomb Investment Report: Flip & Rental Analysis · Frontflip