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68 Lewis St, Marion Investment Report: Flip & Rental Analysis · Frontflip
Values slide to $690K, 18 comps deep
Updated yesterday • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential in Marion, with estimated monthly income ranging between $3,642 and $4,294. These figures suggest a healthy market position, supported by a solid estimated rental yield of approximately 5.59 percent. Local demand remains steady, and the projected annual appreciation of $12,870 adds long-term value for investors. With consistent market indicators, this asset serves as a reliable candidate for generating passive income in the current climate.
More about this home
Neighborhood Assessment
The neighborhood around 68 Lewis St in Marion feels peaceful and family-friendly with a real New England small-town vibe. You’ve got Sippican Elementary (rated 6) just 0.7 miles away, and both the junior high and high school are within two miles—the high school even scores an 8, which is a good sign for local demand. Houses here mostly have decent yards and a bit of privacy. Recent sales show neighboring properties in the $690K–$1.4M range, so this area seems to hold its value well. It's not super walkable to a ton of shops, but you do get quiet streets, some water views nearby, and lots of curb appeal. That 5-bed, 2-bath home at 1,955 sqft fits right in, and bigger families will appreciate the extra rooms. If you're thinking about selling, I'd suggest dialing up the curb appeal or tidying up the landscaping. Families moving in will likely care about schools and having a modern, inviting interior. Marion tends to attract buyers who want space but aren't looking for city nightlife. Stay mindful that insurance may be a little pricier here due to regional wind risks—something to flag for new buyers. All in all, this is a classic New England neighborhood with solid home values and good schools, just don't expect tons of nightlife or walk-to shopping.
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Rental Income
$48K
Yield
5.6%
Appreciation
$13K
Year 1 Estimates
Fix-and-Flip
Refreshing your home with modern updates significantly boosts your property's value. You will see an impressive 15 percent increase in price per square foot, jumping from roughly $395 to $453, which helps your home truly shine. These enhancements lift your potential sale price, offering a fantastic opportunity to attract premium buyers. Whether you are aiming for a quicker sale or higher rental income, investing in these updates unlocks great long-term rewards.
Value Add
$114K
Appreciation
$12K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $750,000 and $829,000. Upgrading the home significantly boosts value, capturing a notable price-per-square-foot uplift compared to baseline market conditions in the immediate area. Investors can anticipate steady monthly rental income of $3,763, generating a 5.7% yield. With reliable appreciation and solid rental demand, this project serves as a practical, income-generating asset for a well-executed renovation strategy.
Rental Income
$45K
Yield
5.7%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$852K
$161.6K over comp median
Comparative Market Analysis
$620K – $1.7M
~277 days to sell
Based on 8 comps