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Values up to $135K, Flip Upside +28%
Updated yesterday • 6 new comps
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Highland Park. Based on local market data, monthly rental income for comparable units is projected to range between 1,564 and 1,872 dollars per month. With a median estimated income of 1,707 dollars, investors can achieve solid cash flow in this neighborhood. Given the current listing price, this asset presents a favorable chance to build a stable rental portfolio.
More about this home
Neighborhood Assessment
Highland Park, just north of Detroit, is a unique neighborhood with a history of revitalization efforts and growing investor interest. While the area sometimes gets a tough rep, well, it’s close to main roads, public transportation, and Detroit’s vibrant core. There’s new development talk, but you’ll still find a mix of older homes needing updates alongside recent rehabs. On the street, you see a blend of boarded-up properties and neighbors fixing up their places, showing pride and momentum. Walkability isn’t great, but it’s improving—there are some local shops and parks, though a car really helps. Nearby, other homes are selling below city averages, which might signal an entry point for creative investors who aren’t scared to roll up their sleeves.
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Rental Income
$21K
Yield
—
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a significant edge. Upgraded properties fetch $84 per square foot compared to the $66 baseline, representing a 28% boost in value. This investment effectively transforms your space into a highly desirable modern retreat. These improvements unlock higher rent potential, reaching nearly $2,500 monthly. With a solid value-add of over $28,000, your property will stand out to future buyers and tenants alike, ensuring your investment remains both profitable and highly livable.
Value Add
$28K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a promising BRR opportunity with an after-repair value between $90,000 and $100,000. Renovations are projected to deliver a solid 16% uplift in value per square foot, significantly enhancing the asset's overall market position. With monthly rental income estimated at $1,843, this investment delivers a strong 23.3% yield. These figures suggest a compelling cash-flow potential, provided renovation costs are tightly controlled to maintain the project's viability and long-term profitability.
Rental Income
$22K
Yield
23.3%
Year 1 Estimates, Post Typical Renovation
Market Activity
Asking price
$48K
$97.5K below comp median
Comparative Market Analysis
$108K – $225K
~266 days to sell
Based on 8 comps
49 Richton St, Highland Park Investment Report: Flip & Rental Analysis · Frontflip