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54
Value up to $392K, 8 comps analysis
Updated 7 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential in Delaware, with monthly income estimates ranging from $1,903 to $2,057. These figures provide a reliable outlook for steady cash flow based on recent local market performance and comparable data. Investors can expect a solid rental yield of approximately 7.67%, supported by a stable appreciation rate. Given the current market trends, this property serves as an attractive candidate for those seeking consistent, long-term passive income growth.
Rental Income
$24K
Yield
7.7%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a more appealing, move-in-ready space. With a price per square foot of $183 compared to $177 for non-updated homes, this 3% gain helps your property stand out while attracting higher-quality rental interest. Modern finishes elevate your sell potential to $376,000 and boost rental income to $2,313. This upgrade is a smart way to refresh your living environment, improve daily comfort, and ensure your property remains competitive and highly desirable.
Comps
9
Uplift
+3%
Buy-Rehab-Rent
The property offers solid BRR potential with a post-renovation value estimated between $383,000 and $424,000. This uplift provides a strong foundation for equity growth, leveraging a 15.2 percent increase in price per square foot after renovations. Projected rental income of $2,216 monthly generates a 6.6 percent yield. This performance, combined with reliable market demand, makes the asset a dependable income producer. The project aligns well with a disciplined buy-and-hold strategy for investors.
Rental Income
$27K
Yield
6.6%
Appreciation
$4K
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
Troy Rd in Delaware, OH sits in a family-friendly pocket with unbeatable walkability. You're steps from Ervin Carlisle Elementary (7/10, 0.5 miles), John C Dempsey Middle (8/10, 0.1 miles), and Hayes High (7/10, 0.6 miles), plus Smith Park and fairgrounds. Comps on Troy Rd and Grandview Ave range $260K-$310K for similar 3-bed homes, showing steady demand. Low environmental risks and recent $275K+ sales nearby signal a stable, appreciating area. This 1953 ranch at 1,975 sqft with fresh updates and huge fenced yard (0.33 acres) fits right in at $310K list—priced competitively against smaller comps.
Market Activity
Estimated value
$310K
$82.5K below comp median
Comparative Market Analysis
$240K – $535K
~18 days to sell
Based on 8 comps
Property Research
Adding a 3-Car Attached Garage
Turning this 1,975 sqft ranch into a 'triple-threat' with a 3-car attached garage is a bold move that would completely shift its market profile. To maintain that classic 1953 mid-century charm, you should extend the roofline horizontally. A side-load garage would be the pro play here, keeping those massive garage doors from overshadowing the house’s original character. With a 0.33-acre lot, you likely have the footprint, but you'll need to navigate Delaware’s zoning setbacks. A standard 3-car setup requires about 700–900 sqft. While the convenience is a dream, remember that our neighborhood assessment suggests a second bathroom is the real key to unlocking that $460k+ valuation ceiling. | Project Component | Estimated Impact | | :--- | :--- | | Construction Cost | $70,000 - $100,000 | | Market Desirability | Very High | | Estimated Value Add | $45,000 - $65,000 | | Footprint Required | ~800 sqft | I’d recommend connecting the garage via a functional mudroom or breezeway leading into the central laundry area. This creates a modern flow that families in this high-rated school district crave. Just keep an eye on your total investment—you want to stay within that sweet spot of $220 per square foot to ensure you don't outprice the neighborhood.
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