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1018 S Garden St, Flint Investment Report: Flip & Rental Analysis · Frontflip
Values down to $60K, 9 comps analysis
Updated 3 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property at 1018 South Garden Street shows strong rental potential, with estimated monthly income ranging between $870 and $941. These figures suggest a healthy market demand for two-bedroom homes within this specific Flint neighborhood. Investors can anticipate an impressive annual yield of approximately 33%, supported by consistent local market trends. This makes it an appealing opportunity for those looking to generate reliable cash flow in the current rental market.
More about this home
Neighborhood Assessment
1018 S Garden St sits in Flint's 48503 zip, a tough south-side spot with low comps—neighbors listing at 4.6K-50K, mostly distressed REO properties. Walkability's okay near Eisenhower School (5/10 rating, 0.1 mi), but Holmes STEM (2/10) and Southwestern Academy (3/10) drag education appeal. No big developments popping up; Flint's slow revival hasn't hit here yet. You know, it's got that classic 1925 charm at 940 sqft, 2 bed/1 bath, but neighborhood sales scream caution—values hover ~30K. Market's soft with nearby homes like 1022 S Garden at 4.6K (2.5K sqft) showing oversupply of cheap fixer-uppers. Tax-assessed at 32.6K with low 542 annual taxes fits the bargain-bin vibe, but crime and stagnation limit rental upside to ~1K/mo Zest.
Market Activity
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Rental Income
$11K
Yield
33.3%
Appreciation
$540
Year 1 Estimates
Fix-and-Flip
Updating your home creates significant value. Properties with modern finishes jump from $43 to $68 per square foot, a 58 percent increase in efficiency. This transformation helps your property shine and attracts quality interest from buyers. Modern touches elevate your investment, pushing sale potential toward $62,000. While rental income remains stable, these enhancements secure long-term desirability. Investing in quality upgrades is a smart way to unlock fresh potential and lasting neighborhood appeal.
Value Add
$24K
Appreciation
$977
Post Typical Renovation
Buy-Rehab-Rent
This property offers a strong renovation uplift, with an After Repair Value reaching $63,000. By investing in strategic upgrades, investors can significantly increase equity from the baseline market value, creating a solid foundation for long-term growth. Projected monthly rents of $951 provide a healthy 19% yield. Given the manageable property size and reliable rental demand, this asset represents a practical opportunity for investors seeking steady cash flow in this price bracket.
Rental Income
$11K
Yield
19.0%
Appreciation
$993
Year 1 Estimates, Post Typical Renovation
Estimated value
$33K
$94.4K below comp median
Comparative Market Analysis
$100K – $160K
~63 days to sell
Based on 5 comps