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Values down 1.4%, 20 comps analyzed
Updated 13 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The property at 5522 Ashley St shows strong rental potential, with estimated monthly income ranging from $1,081 to $1,255. Based on recent market activity, this location offers a stable opportunity for investors seeking consistent monthly returns. With an appreciation rate of roughly 5.4%, this asset aligns well with long-term wealth building in the Grosse Pointe area. Investors should focus on the mid-range rental potential to maximize occupancy while securing competitive monthly cash flow.
More about this home
Neighborhood Assessment
Grosse Pointe is known for its classic charm, tree-lined streets, and strong sense of community. Folks here enjoy easy access to the lakefront, solid public schools, and low crime, plus there's a good mix of established homes and recent development activity. It's not the most walkable spot, but you're close to shops, restaurants, and the bustle of downtown Detroit, which keeps things interesting. Buyers are drawn to this neighborhood for its stable home values and pride of ownership. Well-kept parks, local boutiques, and a touch of historic character make it attractive to families and professionals. Comps show steady sales activity—homes here aren't flying off the shelves, but demand is pretty solid thanks to the area's reputation.
Market Activity
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Rental Income
$14K
Yield
—
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value. Upgraded properties command roughly 88 dollars per square foot compared to the baseline 74 dollars, representing an impressive 18 percent increase. This transformation creates a fresh, desirable living environment. Higher-end finishes offer both lifestyle benefits and stronger rental potential, reaching up to 1,526 dollars monthly. For investors and residents alike, these updates ensure the property stands out, securing better long-term performance and lasting market appeal.
Value Add
$11K
Appreciation
$4K
Post Typical Renovation
Buy-Rehab-Rent
The renovation potential here is solid, with a projected post-rehab value between $66,000 and $73,000. Upgrading this 822-square-foot property aligns with market trends, offering a practical path to equity growth within this specific neighborhood. Annual rental income is estimated at $15,642, driving a robust 22.5% yield. These strong cash flow projections make this a compelling target for investors seeking immediate income coupled with long-term asset appreciation in a steady market.
Rental Income
$16K
Yield
22.5%
Appreciation
$4K
Year 1 Estimates, Post Typical Renovation
Estimated value
—
Comparative Market Analysis
$100K – $250K
~210 days to sell
Based on 8 comps
5522 Ashley St, Grosse Pointe Investment Report: Flip & Rental Analysis · Frontflip