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66 Mar Kan Drive, Northport Investment Report: Flip & Rental Analysis · Frontflip
42
Rent Potential Climbs 14%, Yield 5.7%
Updated today • 2 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rental potential, with monthly income estimated between $5,990 and $7,057. This reflects a healthy market demand in Northport for high-quality, four-bedroom homes, positioning this as an attractive option for income generation. With a solid rental yield of approximately 5.4%, investors can expect reliable returns. Factoring in a 4.3% annual appreciation rate, this property offers a balanced strategy for both consistent cash flow and long-term wealth growth.
More about this home
Neighborhood Assessment
Northport Village shines with top-tier schools like Ocean Avenue (9/10) and Northport High (9/10), just 0.2-1.9 miles away. It's a walkable gem near boutique shops, waterfront parks, and the vibrant harbor—you know, that classic Long Island charm families crave. Nearby comps on Mar Kan Dr zestimate 800K-1.1M, solid for this serene spot on a private 0.57-acre lot. Gut-renovated 4-bed, 3-bath, 3K sqft colonial at $1.45M list feels premium, but market's validating it fast—pending after 65 days.
Market Activity
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Rental Income
$78K
Yield
5.4%
Appreciation
$63K
Year 1 Estimates
Fix-and-Flip
Modern updates often create a fresh, inviting lifestyle that resonates with buyers. While market averages show a price per square foot of $429.12 for updated homes versus $439.28 for the baseline, these changes unlock immense appeal. Fresh, contemporary living spaces can significantly boost emotional connection, potentially driving sale prices toward $1,342,000 and monthly rents near $7,356. Though this represents a -2.31% shift, the potential for faster interest and pride of ownership remains high.
Comps
28
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $1,214,000 and $1,342,000. Leveraging a 3,000 square-foot layout, investors can effectively capture the market’s premium demand for updated, larger residential spaces in this area. Rental performance is equally promising, projecting $6,070 in monthly income and a 5.7% yield. With significant appreciation potential of over $55,000 annually, this asset serves as a reliable anchor for a long-term real estate portfolio.
Rental Income
$73K
Yield
5.7%
Appreciation
$55K
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.4M
$157.5K over comp median
Comparative Market Analysis
$880K – $2.0M
~76 days to sell
Based on 8 comps