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5
Your Investment Paths
Turnkey Rental
The property shows strong potential as a rental, with expected monthly income ranging from $3,062 to $3,397. This positions it well within the local market, offering investors a solid foundation for consistent cash flow. With an estimated annual yield of approximately 8.17%, this asset presents an attractive opportunity for building long-term wealth. Projections indicate a healthy annual appreciation of $13,247, further enhancing the overall value of this investment.
More about this home
Neighborhood Assessment
Methuen’s Pleasant Street area looks like a **steady, middle-market pocket** with real upside from location and lot size. You’ve got public transit, shopping, and highway access nearby, plus decent school access within about a half-mile, which helps demand from both buyers and renters. Nearby homes are trading in a broad **$550K-$1M+** band, so this address sits below the stronger neighboring assets and has room to catch up.
Market Activity
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Rental Income
$39K
Yield
8.2%
Appreciation
$13K
Year 1 Estimates
Fix-and-Flip
Modernizing an older home creates significant appeal. While current data shows a slight price per square foot shift from $338 to $337, refreshing your 1857 property can revitalize its charm, helping it shine in today's competitive market. Fresh updates boost your home's unique character, potentially lifting its sell range up to $649,000 and monthly rental income up to $4,327. This investment enhances daily living and positions your property as a standout, high-quality choice.
Comps
11
Buy-Rehab-Rent
The property offers a solid post-renovation value between $587,000 and $649,000. With a median market rent of $3,735 per month, the asset supports a respectable 7.3% yield, making it a viable candidate for a standard BRRRR strategy. Success hinges on controlling renovation costs to maximize equity capture. Given the 1857 build date, prioritize structural and mechanical updates to ensure long-term stability and justify the projected rental income within this competitive regional housing market.
Rental Income
$45K
Yield
7.3%
Appreciation
$17K
Year 1 Estimates, Post Typical Renovation
Estimated value
$475K
$125.4K below comp median
Comparative Market Analysis
$506K – $630K
~37 days to sell
Based on 8 comps
115 Pleasant St, Methuen Investment Report: Flip & Rental Analysis · Frontflip