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Values Up 5.5% to $252K, 34 Rental Comps
Updated 4 days ago • 6 new comps
Your Investment Paths
Fix-and-Flip
An updated kitchen transforms a 1930s home, blending classic character with modern flair. While market data shows a baseline price per square foot of $110, this upgrade enhances daily living, making the home a standout local choice. Refreshing the kitchen boosts lifestyle appeal, potentially aligning the home with the $162,000 to $179,000 market range. With rent potential near $1,488, this upgrade creates an inviting space that attracts quality tenants and increases long-term desirability.
More about this home
Neighborhood Assessment
Brownwood's Coggin Add neighborhood offers solid central location perks, walking distance to Coggin Elementary (5/10 rating) and near shops, restaurants, churches. Sidewalks and curbs add walkability, though it's a smaller town without major new developments like malls or grocery stores popping up. Nearby comps sell ~$75K-$115K for similar 3-bed homes, showing steady but modest demand. This 1,484 sqft 1930 cottage with hardwoods and new roof fits right in—recently sold after listing at $100K, now Zestimate $85K. Steady tax-assessed values around $85K reflect stable market, low flip upside in this quiet area.
Market Activity
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Comps
0
Fix-and-Flip
New flooring offers a transformative touch for this 1930 home, creating a modern, cohesive look that draws buyers in. This upgrade boosts market appeal by providing a clean, refreshed canvas that feels move-in ready. While current market trends prioritize broader property metrics, new flooring consistently helps homes stand out. With potential sale values near 179,000 and monthly rents up to 1,586, this project serves as a smart investment in long-term desirability.
Comps
0
Turnkey Rental
The property at 1610 1st Street shows strong rental promise with a projected monthly income between $1,374 and $1,494. These figures align well with local market trends, offering a solid foundation for steady monthly cash flow. With a compelling estimated yield of approximately 20.2%, this investment stands out in the Brownwood market. Investors can feel confident in these potential returns, as the data reflects stable demand for similar single-family homes nearby.
Rental Income
$17K
Yield
20.2%
Year 1 Estimates
Buy-Rehab-Rent
This property shows strong BRR potential with a post-renovation value estimated between $181,000 and $200,000. Strategic upgrades to the 1930 structure can significantly boost equity by bridging the gap from current baseline market pricing. Projected monthly rental income of $1,694 generates a solid 10.7% yield. These figures reflect a reliable cash-flow profile for investors seeking to balance immediate rental performance with long-term asset appreciation in a steady market.
Rental Income
$20K
Yield
10.7%
Year 1 Estimates, Post Typical Renovation
Asking price
$175K
$77K below comp median
Comparative Market Analysis
$145K – $265K
~29 days to sell
Based on 8 comps
1610 1st St, Brownwood Investment Report: Flip & Rental Analysis · Frontflip