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19
8 Comps Back $210K, Rent at $1,551
Updated 10 days ago
Your Investment Paths
Turnkey Rental
This property offers a promising rental opportunity in Franklin. With an estimated monthly income ranging between $1,435 and $1,559, investors can expect a solid annual yield of approximately 8.36% based on current market trends. The local market shows consistent performance for two-bedroom homes, with an average appreciation of about $3,497 annually. This steady growth, combined with the projected rental income, makes this an attractive option for building portfolio value.
More about this home
Neighborhood Assessment
Franklin's Deer Trace neighborhood is friendly, pretty quiet, and boasts easy access to everyday essentials—groceries, schools, and the highway are all close at hand. You’re just 30 minutes from downtown Indianapolis, which makes it super convenient for commuters or anyone wanting some city perks without the city headaches. The schools nearby (like Northwood Elementary and Franklin Community High School) rate a solid 6 out of 10, so families will definitely find value here. Home values in this area feel steady but not flashy—recent 2-bed comps have sold between $170K and $215K. Most houses in the area are single-story ranches with manageable lots and simple layouts, so walkability is solid for a suburban spot. You've got big-box shopping, restaurants, and parks within a short drive, plus little risk from fire or flood—insurance won’t bust your wallet. If you want safe and easy, this is your jam.
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2141 Galaxy Dr, Franklin Investment Report: Flip & Rental Analysis · Frontflip
Rental Income
$18K
Yield
8.4%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Upgrading your property creates a fresh, modern feel that helps your home shine. These updates bump your value to roughly $189 per square foot, a noticeable improvement over the standard $186 base, making your space more competitive. Modernizing your home enhances both selling and rental appeal, potentially lifting your future returns. While market responses vary, these improvements ensure your property stays inviting, stylish, and ready to welcome its next residents with confidence.
Value Add
$3K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with a projected post-renovation value between $197,000 and $218,000. With consistent rental demand in the area, investors can expect monthly income reaching approximately $1,551, ensuring steady cash flow potential. The investment maintains a healthy 9.0% yield, supported by a stable local appreciation rate. These numbers present a practical path to building equity, making this a reliable asset for those focused on long-term rental performance.
Rental Income
$19K
Yield
9.0%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$215K
$5K over comp median
Comparative Market Analysis
$200K – $225K
~161 days to sell
Based on 8 comps