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4
Your Investment Paths
Turnkey Rental
This condo in Peekskill shows solid promise for investors. Market data indicates a strong rental range between $3,388 and $3,494 monthly. These figures align well with similar units, ensuring a stable and competitive income stream. With an estimated yield of 7.5%, this property stands out as a reliable choice for your portfolio. Consistent appreciation trends and steady demand suggest this turnkey rental is a smart, balanced move for long-term growth.
Rental Income
$41K
Yield
7.5%
Appreciation
$7K
Year 1 Estimates
Fix-and-Flip
Modern upgrades breathe fresh life into a property, creating a vibrant, turnkey space that buyers find irresistible. These updates often command a premium lifestyle experience, helping your home shine brightly and stand out in the neighborhood. While the price per square foot currently sits at $371 versus $384, focusing on high-quality finishes can shift that trajectory. Upgrades unlock wonderful rental possibilities, offering a solid monthly income between $3,371 and $3,482 for investors.
Comps
12
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value estimated between $466,000 and $515,000. Renters can generate $3,423 monthly, providing a stable 8.4% yield that aligns well with market performance for this property size. Successfully executing this project hinges on controlling rehab costs to maximize the spread. With a strong rental demand and consistent appreciation, this investment represents a practical, income-focused strategy for building long-term equity in this location.
Rental Income
$41K
Yield
8.4%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
112 Riverbend Drive #88 is a 1,315-sq-ft, two-bedroom, three-bath townhouse-style condo in Peekskill’s Riverbend community. The location has a useful advantage: Peekskill station is reported to be about a four-minute walk, with downtown dining, shops, and cultural venues nearby. Local reporting describes waterfront public-realm improvements as under community planning, though no specific new retail or school project is confirmed here. Nearby condo indicators cluster around roughly $500K–$552K, but several are estimates or listings rather than verified closed sales. The $550K auction/REO listing has spent about 142 days on market, and its $585 monthly HOA plus roughly $8K annual property taxes make carrying costs material. A third-party estimate near $522K and nearby comparable indicators suggest the asking price may be ambitious, especially given cash-only terms and limited listing details. Before bidding, verify auction terms, title, condition, HOA finances and rental rules. For resale, address visible maintenance, present the garage and transit access clearly, and price against confirmed closed condo sales.
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Market Activity
Asking price
$550K
$32.8K over comp median
Comparative Market Analysis
$390K – $541K
~95 days to sell
Based on 8 comps
112 Riverbend Drive #88, Peekskill Investment Report: Flip & Rental Analysis · Frontflip