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24
Values up 17%, Rent hits $7,229
Updated 10 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $6,429 to $8,043. These figures suggest a healthy market position, supported by a solid 6.22% yield that highlights its attractiveness for income-focused investors. Beyond immediate cash flow, the local market outlook remains promising. With an projected annual appreciation of over $80,000, this asset offers a compelling blend of consistent rental demand and long-term value growth for your portfolio.
More about this home
Neighborhood Assessment
Arlington Heights' 60005 zip stands out with top-tier schools—Westgate Elementary rates a perfect 10, South Middle 8, and Rolling Meadows High 9. You're just 0.3 miles from South Middle, making it super walkable for families. Nearby comps on Evergreen Ave sold strong: $1.3M for 3,494 sqft next door, $1.375M across the street at 4,776 sqft. This 4,554 sqft, 5-bed, 7-bath gem at 204 S Evergreen fits right in, priced around $1.4M Zestimate. Solid neighborhood with low flood/fire risks too. It's got that family appeal, you know? Streets with sidewalks, street lights—perfect for evening strolls. Comps show values holding firm, around $300/sqft. No big developments popping up in local news, but schools and location keep demand high.
Market Activity
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Rental Income
$87K
Yield
6.2%
Appreciation
$81K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, increasing price per square foot from $258 to $273. This 5.8% gain helps your property stand out, attracting buyers faster while positioning your asset above typical neighborhood market trends. Upgrades offer excellent potential, lifting your home’s value by roughly $68,000. Beyond higher sale prospects and rental income potential, these improvements create a fresher, more desirable living environment that appeals to modern tastes and long-term interest.
Value Add
$68K
Appreciation
$73K
Post Typical Renovation
Buy-Rehab-Rent
This property shows strong potential with a post-renovation value estimated between $1,209,000 and $1,337,000. The market supports a solid renovation uplift, positioning this 4,554-square-foot home well for future appreciation and long-term wealth building within this neighborhood. Annual rental income is projected at $90,744, delivering a stable 7.1% yield. These numbers suggest a reliable cash flow profile, making this an attractive acquisition for investors seeking a balance of consistent returns and equity growth.
Rental Income
$91K
Yield
7.1%
Appreciation
$73K
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.4M
$220.4K over comp median
Comparative Market Analysis
$583K – $1.9M
~359 days to sell
Based on 7 comps
204 S Evergreen Ave, Arlington Heights Investment Report: Flip & Rental Analysis · Frontflip