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Value up to $330K, Rent at $2,154
Updated 8 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging between 2,043 and 2,202 dollars. These figures position the home well for consistent cash flow, supported by a healthy 10.84% potential rental yield. The market outlook for this Lewisville area remains attractive for investors. By targeting a competitive rental rate near 2,154 dollars, owners can maximize returns while maintaining a steady occupancy rate in this desirable neighborhood.
More about this home
Neighborhood Assessment
Garden Ridge Estates in Lewisville is a quiet, established 1970s neighborhood with mostly owner-occupied single‑family homes and no HOA, which many investors like. Nearby comps in the low‑300Ks and a rent estimate around 2.3K suggest healthy demand and room to add value above the current 235K list. Schools are decent but not elite, so this isn’t a top‑tier “A” area, more of a solid working/middle‑class pocket with good commuter access to the broader DFW job market. Crime and flood risk appear low, and the area benefits from mature streets, utilities in place, and ongoing investor interest in similar homes.
Market Activity
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Rental Income
$25K
Yield
10.8%
Year 1 Estimates
Fix-and-Flip
Upgrading your home creates a compelling competitive edge. Modernized properties see price per square foot reach nearly 209 dollars, a healthy 6 percent lift over the baseline of 197 dollars. This boost helps your property shine. These updates unlock higher rental appeal and improved market positioning, lifting potential sales values significantly. For a 1,620 square foot home, these improvements provide a smart path to long-term value and a more inviting lifestyle.
Value Add
$19K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value reaching $359,000. Expected upgrades provide a notable 6% boost in price per square foot, positioning the asset well within the competitive $325,000 to $359,000 range. Rental projections are equally promising, with an estimated monthly income of $2,543. This delivers an 8.9% yield, offering a practical path toward steady cash flow and long-term equity growth in an active, established market.
Rental Income
$31K
Yield
8.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$235K
$95.3K below comp median
Comparative Market Analysis
$300K – $380K
~21 days to sell
Based on 8 comps
1518 Carnation Dr, Lewisville Investment Report: Flip & Rental Analysis · Frontflip