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18
Value up to $310K, Rent at $2,475
Updated 13 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
The rent potential for this property is quite promising. Market data suggests a monthly income between $2,326 and $2,567. This solid range indicates strong demand in the area for well-maintained, three-bedroom single-family homes. With an estimated yield of 11.79%, this investment presents a compelling opportunity for steady cash flow. The projected annual appreciation of $11,706 further enhances the long-term value, making this a smart choice for investors.
More about this home
Neighborhood Assessment
3216 Biscayne Rd sits in the McHenry Shores area, a quiet, established neighborhood near the Fox River with mostly modest single-family homes. Nearby comps in the immediate streets are generally in the mid- to high-200Ks, so this 3-bed, 2-bath, ~1.3K sqft ranch at about $249K is priced on the approachable side. You’re a short drive to routes 31/120, downtown McHenry, big-box retail, and everyday amenities like grocery, dining, and services. Schools are solid (Edgebrook Elementary and McHenry Middle both rate above average), and climate/flood risks are low, which helps long-term desirability and insurance stability for both owners and future buyers.
Market Activity
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Rental Income
$29K
Yield
11.8%
Appreciation
$12K
Year 1 Estimates
Fix-and-Flip
Refreshing your home with modern upgrades is a smart move to boost value. Properties with these touches see price per square foot jump from $221 to $235, a 6% increase, while significantly elevating the potential sale range. Modern finishes help your home shine, appealing to buyers who value style and comfort. With a solid potential for extra gains and a brighter appeal, this investment is a rewarding way to elevate your living experience.
Value Add
$17K
Appreciation
$14K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $289,000 and $319,000. Renovations capitalize on local market trends, effectively pushing the property toward the upper end of its neighborhood value range. Monthly rental income is projected at $2,336, supporting a healthy 9.2% yield. Strong rental demand and steady market appreciation make this a practical, income-generating asset for investors looking to balance growth with reliable cash flow.
Rental Income
$28K
Yield
9.2%
Appreciation
$14K
Year 1 Estimates, Post Typical Renovation
Estimated value
$249K
$65.5K below comp median
Comparative Market Analysis
$290K – $360K
~71 days to sell
Based on 8 comps
3216 Biscayne Rd, McHenry Investment Report: Flip & Rental Analysis · Frontflip