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2423 N Myrtlewood St, Philadelphia Investment Report: Flip & Rental Analysis · Frontflip
27
Values up 21%, Flip Potential $74K
Updated yesterday • 42 new comps
Your Investment Paths
Turnkey Rental
This property shows promising rental potential in a competitive neighborhood. With estimated monthly income ranging between $1,489 and $1,760, investors can look forward to a robust annual yield of approximately 29.5%, signaling strong income-generation capabilities. These figures, based on local market trends rather than static property valuations, highlight a solid opportunity for consistent cash flow. Targeting the median monthly rent of $1,558 offers a balanced, realistic approach for future leasing.
More about this home
Neighborhood Assessment
Strawberry Mansion in North Philly has that classic rowhome vibe, you know? This 3-bed, 1-bath at 1,086 sqft on Myrtlewood St just sold for $66K after listing at $75K. Nearby comps range $25K-$135K, showing low entry prices but spotty sales. Schools rate okay at primary level (4/10) but high school drags (2/10). Walkability's decent for city living, though safety's a concern in this revitalizing spot. Recent sales suggest steady investor interest despite needing TLC. Upside's there if Philly's north side keeps gentrifying—think steady rent zestimate ~$1.5K/mo. But it's high-risk; don't expect quick flips without major work.
Market Activity
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Rental Income
$19K
Yield
29.5%
Year 1 Estimates
Fix-and-Flip
Refreshing a home brings fantastic value, jumping from roughly $67 to over $135 per square foot. This significant 101% boost in value helps a property shine, unlocking strong potential for both higher sale prices and rental income. Investing in these improvements is a smart move for long-term growth. With a potential value increase of over $74,000, updates create a beautiful, modern living space that truly stands out and captures buyer interest immediately.
Value Add
$74K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a clear path to value creation. Renovations lift the market price from a baseline near $60,000 to an after-repair value between $135,000 and $149,000, significantly boosting your equity position. Projected monthly rental income of $1,646 generates a solid 13.9% yield. This performance creates a reliable cash-flow foundation, making the asset an attractive candidate for investors seeking a balance of forced appreciation and steady monthly returns.
Rental Income
$20K
Yield
13.9%
Year 1 Estimates, Post Typical Renovation
Asking price
$170K
$17.4K over comp median
Comparative Market Analysis
$107K – $185K
~53 days to sell
Based on 8 comps