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Value Down to $834K, 8 Comps Used
Updated 13 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows solid potential for rental income, with estimated monthly rates ranging from $2,486 to $3,920. With a healthy projected yield of 6.4%, it stands as a competitive option for investors in the Decatur area. Comparable properties support these figures, suggesting strong demand for similar single-family homes. Given the current market data and consistent rental performance in the neighborhood, this investment offers a promising opportunity to build long-term cash flow.
More about this home
Neighborhood Assessment
Midway Woods in Decatur is a tight‑knit, walkable pocket that benefits from quick access to downtown Decatur, Agnes Scott, Emory, CDC, and strong Druid Hills/Avondale schools. Dearborn Park and nearby playgrounds add real lifestyle value and help keep demand steady from families and professionals. On Deerwood Dr specifically, nearby 3–5 bed homes are typically in the mid‑$400Ks to mid‑$700Ks, and your 4 bed / 3 bath, ~2.3K sqft layout with a primary suite on main fits the upper tier of the street. Neighborhood prices have trended up over time, suggesting solid long‑term holding and rental potential.
Market Activity
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Rental Income
$38K
Yield
6.4%
Year 1 Estimates
Fix-and-Flip
Updated properties command $303 per square foot compared to the $287 baseline. This represents a 6% boost in value. These homes also move faster, selling in roughly 322 days, significantly quicker than the typical market pace. For your 2,280 square foot home, these upgrades could lift your potential sale price toward $727,000. Beyond higher values, a modern touch creates a refreshing, turn-key lifestyle that makes your property a top choice for buyers.
Value Add
$37K
Post Typical Renovation
Buy-Rehab-Rent
The property offers solid BRR potential with a post-renovation value estimated between $658,000 and $727,000. These figures suggest significant upside through strategic updates, aligning well with the $303 per square foot average seen in comparable renovated homes. Projected monthly rental income reaches $3,805, delivering a steady 6.6% yield. This performance, supported by healthy market demand, makes the property a practical candidate for investors seeking a balance of stable cash flow and long-term appreciation.
Rental Income
$46K
Yield
6.6%
Year 1 Estimates, Post Typical Renovation
Estimated value
$600K
$234K below comp median
Comparative Market Analysis
$599K – $988K
~70 days to sell
Based on 8 comps
1477 Deerwood Dr, Decatur Investment Report: Flip & Rental Analysis · Frontflip