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Values up to $146K, 42 comps verify
Updated 9 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
Based on current market trends, this property shows excellent rental potential. You can expect a monthly income between $1,371 and $1,458, positioning it as a steady earner within the local Detroit real estate market. This investment offers an impressive estimated yield of approximately 15.4%. By leveraging these rental income projections rather than relying solely on property valuation, you can better maximize your returns and secure a profitable, long-term asset.
More about this home
Neighborhood Assessment
Southwest Detroit around Military St is a classic, tight-lot, walkable neighborhood with solid bones and a growing story. You’re close to freeways, everyday shopping, schools, and places of worship, which keeps both rental and resale demand pretty steady for 3-bed, 1-bath homes around 1.1K sqft. Values on the block range widely—from distressed properties in the 30K range to nearby homes estimated near 100K–180K—showing a mix of older stock and improving homes. That spread, plus rising tax assessments over time, hints at a neighborhood still in transition with room for appreciation if the house is kept updated and well-presented.
Market Activity
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Rental Income
$17K
Yield
15.4%
Year 1 Estimates
Fix-and-Flip
Refreshing a property with modern finishes significantly boosts appeal. Upgraded homes command roughly 112 dollars per square foot, a 25 percent increase over the 89 dollar baseline. This creates a sharper edge that attracts discerning buyers looking for quality. This investment potential is clear, with a value add of over 25,000 dollars. Modern homes also reach higher rent brackets, maximizing monthly returns. Embracing these upgrades is a practical way to elevate value and ensure long-term property success.
Value Add
$25K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $119,000 and $132,000. Upgrading the home captures significant market value, effectively moving the asset from baseline pricing toward the higher tier of local comps. Projected monthly rental income reaches $1,454, delivering a strong 13.9% yield. Given the manageable square footage and rent-to-value ratio, this investment creates a reliable cash flow stream once the renovation is completed to modern standards.
Rental Income
$17K
Yield
13.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$110K
$36.5K below comp median
Comparative Market Analysis
$125K – $165K
~153 days to sell
Based on 8 comps
1220 Military St, Detroit Investment Report: Flip & Rental Analysis · Frontflip