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20
ARV at $348K; 5 Comps Confirm Yields
Updated 11 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property offers significant rental potential in Bay City. Based on local market data, investors can expect monthly income ranging between $1,529 and $1,899, supported by a healthy projected annual rental yield of 30.29 percent. With an appreciation rate of roughly 7.5 percent, this investment is a compelling opportunity. The current market trends suggest strong performance, making this single-family home a practical addition for those seeking consistent monthly cash flow.
More about this home
Neighborhood Assessment
This stretch of S Madison Ave sits in an older, walkable part of Bay City, close to Washington Elementary and Bay City Central High, both solidly rated and within about a mile, which helps long‑term value for families. The area is mostly modest single‑family homes, and sale prices on nearby 3‑bed houses are hovering roughly in the $90K–$120K range, suggesting decent demand at the right condition and price. That said, the immediate neighborhood is more working‑class than trendy, and you’ll see some properties needing upkeep, which can drag curb appeal. It’s not a hot growth corridor, but you are near downtown services, local employers, and everyday amenities, so occupancy and resale should stay reasonable if the home presents well.
Market Activity
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Rental Income
$21K
Yield
30.3%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from $84 to $108. This 28% increase translates into a clear leap in market appeal, helping your property shine and capturing buyer attention effortlessly. Investing in these improvements enhances your home's long-term potential, creating a more inviting living space while maximizing future returns. It is a fantastic way to elevate your lifestyle today and secure a stronger position for tomorrow.
Value Add
$86K
Appreciation
$28K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $315,000 and $348,000. Revitalizing this 1920s build captures significant equity, supported by an average price-per-square-foot uplift of over 22 percent after standard upgrades. Projected rental income hits $2,113 monthly, delivering a 7.6 percent yield. With favorable market appreciation and steady rental demand, this investment provides a practical path for building long-term wealth through a reliable, income-producing asset.
Rental Income
$25K
Yield
7.6%
Appreciation
$25K
Year 1 Estimates, Post Typical Renovation
Asking price
$65K
$247.6K below comp median
Comparative Market Analysis
$216K – $525K
~107 days to sell
Based on 8 comps
501 S Madison Ave, Bay City Investment Report: Flip & Rental Analysis · Frontflip