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Rent yield climbs to 9.3% in BRR
Updated 11 days ago
Your Investment Paths
Turnkey Rental
This property shows solid rental potential with monthly income projected between $2,144 and $2,444. These figures reflect a strong market positioning, offering investors a competitive yield of approximately 9.86 percent in this Washington neighborhood. With steady annual appreciation estimated at over $7,100, this single-family home serves as a reliable income generator. The current market data suggests this is a promising asset for building long-term wealth through consistent rental demand.
More about this home
Neighborhood Assessment
Washington, MI is a quiet, semi-rural suburb just north of Detroit, known for its large lots and privacy, yet it's got proximity to key amenities. The area scores highly for schools, with Indian Hills Elementary (8/10), Romeo Middle (7/10), and Romeo High (8/10) all within a few miles. While walkability is low—think more wide roads than sidewalks—the neighborhood offers a calm, family-friendly vibe and convenient access by car to shopping and dining along Mound Rd and Van Dyke. Nearby homes of similar size are selling between $270K–$300K, with higher-end sales clustered in the mid-$400Ks, suggesting solid property value stability.
Market Activity
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Rental Income
$28K
Yield
9.9%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your price per square foot from roughly $232 to $247. This represents a 6.4% jump, helping your property shine and attracting buyers who prioritize a move-in ready lifestyle. For owners and investors, this improvement creates a competitive edge. With a healthy rental ceiling near $2,480, these updates ensure your home remains a top pick. This investment unlocks fresh potential and builds solid long-term equity.
Comps
8
Uplift
+6%
Fix-and-Flip
Updating bathrooms creates a refreshing, modern environment that significantly boosts appeal. While the price per square foot sits at roughly 223 dollars compared to the 239 dollar neighborhood average, this project enhances daily comfort and livability. This investment offers a personalized lifestyle upgrade, creating a welcoming sanctuary. With a solid rent potential reaching over 3,500 dollars, new bathrooms help your property shine, ensuring it remains highly competitive and desirable for future residents.
Comps
4
Fix-and-Flip
A new roof provides significant peace of mind, potentially boosting monthly rental income to over $2,300. While the price per square foot currently trends slightly lower at $222 compared to the $232 baseline, this upgrade offers lasting security. Investing in a new roof enhances long-term property durability and appeal. It creates a solid foundation for future value, making the home a standout choice for tenants and buyers who prioritize a worry-free, well-maintained living experience.
Comps
3
Buy-Rehab-Rent
The property offers solid potential with an after-repair value ranging from $289,000 to $320,000. Renovations should focus on cost-effective upgrades to capture this equity, as the current market shows limited price growth from standard improvements alone. Generating $2,367 in monthly rent, the asset delivers a strong 9.3% yield. With reliable rental income and consistent market appreciation, this deal stands as a practical, income-focused investment for those targeting steady, long-term cash flow growth.
Rental Income
$28K
Yield
9.3%
Appreciation
$8K
Year 1 Estimates, Post Typical Renovation
Estimated value
$279K
$69.7K below comp median
Comparative Market Analysis
$262K – $450K
~137 days to sell
Based on 8 comps
6000 29 Mile Rd, Washington Investment Report: Flip & Rental Analysis · Frontflip