Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
Value at $211K; 15 Comps Confirmed
Updated 13 days ago • 15 new comps
Your Investment Paths
Turnkey Rental
The property shows promising rental potential in a stable neighborhood. Based on local market data, you can expect a monthly income ranging from $1,846 to $2,043, offering a solid gross annual yield of approximately 6.77%. Given the competitive local market, the rent potential aligns well with similar nearby properties. This consistent income stream makes it a strong candidate for those looking to balance steady cash flow with a reliable investment.
More about this home
Neighborhood Assessment
This South Columbus neighborhood features newer construction (2023) with solid comparable sales ranging from $345K-$395K. The area shows stable pricing around $215/sqft, with nearby homes demonstrating consistent market demand. Madison Elementary (6-rated) and Groveport Madison schools serve the area. Environmental risks are minimal across all categories. The community appears to be an established new-build subdivision with modest but reliable appreciation.
Market Activity
+ Ask a question in the app
Rental Income
$23K
Yield
6.8%
Year 1 Estimates
Fix-and-Flip
Modern updates boost your price per square foot to roughly 198 dollars, compared to the standard 188 dollars. This represents a solid five percent increase in value, helping your home shine and stand out to buyers. These improvements can elevate your property’s potential sale price by nearly 18,000 dollars. While rental income remains competitive, the pride of ownership and increased market appeal make these modern touches a rewarding choice for your home.
Value Add
$15K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a stable post-renovation value between $297,000 and $328,000. With a new build year of 2023, the scope for major value-add is limited, as evidenced by the low flip potential and modest appreciation metrics. Projected rental income reaches $2,265 monthly, supporting a solid 8.7% yield. This asset functions best as a reliable long-term rental rather than a heavy rehab project. The market data suggests consistent performance for a passive investor.
Rental Income
$27K
Yield
8.7%
Year 1 Estimates, Post Typical Renovation
Estimated value
$345K
$133.8K over comp median
Comparative Market Analysis
$120K – $245K
~25 days to sell
Based on 8 comps
3069 Lamptonridge Dr, Columbus Investment Report: Flip & Rental Analysis · Frontflip