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Value up to $1.6M, Rent up to $6.4K
Updated 6 days ago • 19 new comps
Your Investment Paths
Turnkey Rental
This property offers an attractive rental opportunity in Costa Mesa. With estimated monthly income potential ranging from $4,875 to $6,466, you can expect steady cash flow supported by a healthy market yield of approximately 4.49%. The current market shows strong demand for similar three-bedroom homes, keeping vacancy risks low. With projected annual appreciation of about $19,282, this investment provides a balanced mix of immediate income and long-term wealth growth.
More about this home
Neighborhood Assessment
College Park in Costa Mesa offers durable upside through strong owner-occupant appeal, nearby schools, local groceries, restaurants, and convenient access to the broader Orange County job base. The home is a 3-bedroom, 2-bath, 1,587-square-foot single-family property near College Park Elementary and Costa Mesa High School. Comparable nearby homes generally range from $1.35M to $1.66M, supporting an estimated value near $1.51M.
Market Activity
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Rental Income
$68K
Yield
4.5%
Appreciation
$19K
Year 1 Estimates
Fix-and-Flip
Updating your home brings a fresh, modern appeal that helps your property shine. While the price per square foot shows a slight increase from $944 to $952, this reflects a modest 0.8% boost in overall market value. Investing in these improvements enhances your home's long-term potential. With a projected sell value of up to $1,616,000, modern finishes create a welcoming lifestyle that attracts buyers and ensures your property remains competitive in this neighborhood.
Value Add
$13K
Appreciation
$20K
Post Typical Renovation
Buy-Rehab-Rent
This property offers significant post-renovation value ranging from $1,462,000 to $1,616,000. While the renovation potential is modest, the high asset value positions this as a stable long-term play in a premium market area. Projected rental income reaches $5,202 monthly, totaling $62,424 annually. With a 4.1% yield, this investment prioritizes capital preservation and steady appreciation over aggressive cash flow, making it suitable for a conservative, growth-focused real estate portfolio.
Rental Income
$62K
Yield
4.1%
Appreciation
$20K
Year 1 Estimates, Post Typical Renovation
Asking price
$1.5M
$66.7K over comp median
Comparative Market Analysis
$1.4M – $2.0M
~57 days to sell
Based on 8 comps
228 Amherst Rd, Costa Mesa Investment Report: Flip & Rental Analysis · Frontflip