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Values up to $392K, Rent up to $2,862
Updated 6 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 3211 Candleknoll Drive shows strong potential as a rental investment. Market analysis suggests you can expect monthly income between $2,327 and $2,862, aligning well with similar homes in the Spring area. This opportunity offers an attractive rental yield of approximately 9.29%. With solid market demand for this square footage, the property is well-positioned to serve as a reliable income-generating asset for your portfolio.
More about this home
Neighborhood Assessment
Candlelight Hills in Spring, TX offers solid family appeal with mature trees, neighborhood pool, tennis courts, playground, and clubhouse. Zoned to Klein ISD schools like Lemm Elementary (7/10) and Klein Collins High (6/10), it's got good education nearby. Comps show similar 4-bed homes at 270K-410K, with this 2,943 sqft property listed at 335K after price cuts—right in line. Easy I-45 access means shopping and dining are close, though walkability's average. You've got steady comps holding value around 300K, signaling a stable pocket. Recent cuts from 390K show some market softening, but HOA perks and schools keep it desirable for families. Risks like severe wind/heat are typical for the area, not deal-breakers.
Market Activity
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Rental Income
$31K
Yield
9.3%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting price per square foot from $117.92 to $124.32. This represents a solid 5.4% increase, ensuring your property stays competitive and shines as a premier choice for future buyers. These improvements elevate your potential sale price to $385,000, creating a fantastic return. You will enjoy a refreshed, modern lifestyle today while building meaningful equity, making this a smart, rewarding path toward maximizing your property’s total appeal.
Value Add
$19K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $348,000 and $385,000. Strategic upgrades to this 2,943 square foot home effectively capitalize on the neighborhood's median price per square foot of $124. Projected annual rental income of $29,634 produces a reliable 8.1% yield. With stable market demand and strong rental potential, this asset serves as a practical, income-generating addition to any long-term real estate portfolio.
Rental Income
$30K
Yield
8.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
$335K
$9K below comp median
Comparative Market Analysis
$299K – $410K
~60 days to sell
Based on 8 comps
3211 Candleknoll Dr, Spring Investment Report: Flip & Rental Analysis · Frontflip