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Turnkey Rental
The property at 28 3rd Street shows strong rental promise for investors. Market analysis suggests a monthly income potential between $2,356 and $2,951, providing a solid foundation for cash flow in the Morrisville area. With an attractive estimated rental yield of 7.33%, this investment offers a compelling return. The steady 3.5% market appreciation rate adds long-term value, making this a stable opportunity for building consistent passive income over time.
More about this home
Neighborhood Assessment
Morrisville's 3rd St neighborhood offers solid appeal with its quiet streets and access to Pennsbury School District—elementary rated 5/10, middle 6/10, high 7/10. Nearby comps like 32 3rd St at ~$560K and 59 Island Ave at ~$340K show steady demand for 4-bed homes around 2.3K sqft. Walkability's decent near Delaware River, though flood risks in shaded FEMA X zone need attention. Bucks County's stable growth keeps values firm at ~$434K Zestimate. Well-maintained 1965 split-level on 0.44-acre lot fits family buyers. You know, it's got that enormous backyard—200x92 ft—that screams potential for outdoor upgrades to boost appeal.
Market Activity
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Rental Income
$32K
Yield
7.3%
Appreciation
$15K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a modern, inviting space that resonates with buyers. While market pricing fluctuates, updated finishes help your property stand out, potentially boosting your reach to about $653,000 and increasing monthly rent potential. Focusing on quality upgrades creates a vibrant, turnkey living experience. Though the per-square-foot value sits at $264.86 against the $266.63 baseline, a 0.66% shift reflects a shift in inventory rather than a lack of true value.
Comps
24
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $590,000 and $652,000. While the flip margin appears tight, the structural appeal of a 2,300-square-foot home supports a strong foundation for long-term rental appreciation. Projected annual rental income reaches $43,296, delivering a stable 7% yield. Given the market-rate appreciation of over $21,000, this asset represents a reliable income generator for investors focused on consistent cash flow and equity growth.
Rental Income
$43K
Yield
7.0%
Appreciation
$22K
Year 1 Estimates, Post Typical Renovation
Estimated value
$434K
$70.7K below comp median
Comparative Market Analysis
$425K – $750K
~46 days to sell
Based on 8 comps
28 3rd St, Morrisville Investment Report: Flip & Rental Analysis · Frontflip