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Values up 15% to $321K at 505 McKinney
Updated 12 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
The property at 505 McKinney Rd shows solid rental promise for Blaine investors. Current market data suggests a monthly income potential between $1,705 and $1,757, aligning well with similar single-family homes in the local area. With a rental yield of approximately 7.55%, this investment offers a steady return profile. Expect modest annual appreciation of $4,730, making it a reliable, long-term play for those looking to build consistent passive income.
More about this home
Neighborhood Assessment
Blaine's McKinney Road corridor presents a rural, land-rich environment ideal for hobby farmers and homesteading enthusiasts. This 1.09-acre property at $275K ($191/sqft) sits among comparable acreage parcels ranging from 0.7 to 29+ acres, with nearby comps valued between $165K–$623K. The neighborhood lacks urban density and modern commercial infrastructure, limiting appreciation drivers typical of developing areas.
Market Activity
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Rental Income
$21K
Yield
7.6%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Updated homes show a clear edge, commanding $222.53 per square foot compared to the $214.11 baseline. This represents a 3.9% boost, highlighting how fresh features help properties shine and capture buyer interest more effectively. Investing in modern touches can lift your home’s value, with potential sales climbing toward $334,000. While rental income remains steady, these improvements enhance daily living, creating a more attractive, move-in-ready space for future owners or tenants.
Value Add
$12K
Appreciation
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for the BRRRR strategy with a post-renovation value estimated between 302,000 and 334,000 dollars. The market data suggests a clear path to value creation through targeted modern updates for this home. Projected rental income of 1,808 dollars monthly delivers a 6.8 percent yield. While the margin is stable, investors should prioritize cost-efficient renovations to maximize total equity capture and maintain a healthy return on investment.
Rental Income
$22K
Yield
6.8%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$275K
$46K below comp median
Comparative Market Analysis
$250K – $362K
~162 days to sell
Based on 8 comps
505 McKinney Rd, Blaine Investment Report: Flip & Rental Analysis · Frontflip