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24
Values Down to $640K, 8 Comps Review
Updated 13 days ago
Your Investment Paths
Turnkey Rental
This property sits in a prime position for rental income, with projected monthly rents ranging from $2,769 to $3,308. These figures highlight strong local demand for single-family homes, offering a solid foundation for your investment strategy. You can expect an attractive rental yield of approximately 9.6%. With consistent market appreciation adding roughly $4,429 in value annually, this property stands out as a high-potential asset for building long-term wealth through passive income.
More about this home
Neighborhood Assessment
Lowell's Lakewood subdivision offers solid fundamentals with excellent school proximity—Janie Darr Elementary rates 9/10 just 0.5 miles away. The neighborhood delivers walkable amenities with nearby shopping and trails. Recent comps (2502, 2500 Elmwood Ave) sold for $361-372K, positioning this 2,440 sqft, 4-bed home at fair market value. Modest appreciation trajectory and reasonable $250 annual HOA fees support long-term stability.
Market Activity
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Rental Income
$36K
Yield
9.6%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Upgrading your home creates a modern, refreshed living environment that buyers love. While current data shows a price per square foot of $224 compared to $234, these updates often unlock faster interest and high-quality rental appeal. Investing in these finishes builds long-term pride and comfort. With a solid rent potential reaching $3,513, your property becomes a standout choice for high-end tenants. This path balances personal enjoyment with a smart, modern asset profile.
Comps
5
Buy-Rehab-Rent
The property offers a solid post-renovation value between $516,000 and $570,000. With a 2018 construction year, renovation requirements are likely minimal, preserving capital and maximizing the potential for significant equity capture during the stabilization phase. Projected rental income hits $3,196 monthly, delivering a reliable 7.1% yield. This asset provides steady cash flow and stable appreciation potential in a well-regarded area, making it a sound, practical choice for a balanced portfolio.
Rental Income
$38K
Yield
7.1%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$380K
$85K below comp median
Comparative Market Analysis
$365K – $700K
~76 days to sell
Based on 8 comps
2504 Elmwood Ave, Lowell Investment Report: Flip & Rental Analysis · Frontflip