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27
Flip value up to $96.42/sqft
Updated 11 days ago
Your Investment Paths
Turnkey Rental
The property at 2514 Crawford Street shows promising rental potential in the current Terre Haute market. Expected monthly income ranges from $1,024 to $1,324, offering a steady cash flow baseline for a three-bedroom single-family home. Investors can anticipate an estimated rental yield of approximately 5.66%. With an annual market-based appreciation potential of roughly $3,334, this property represents a moderate, stable opportunity for building long-term wealth through consistent rental performance.
More about this home
Neighborhood Assessment
This established Terre Haute neighborhood is safe, quiet, and has a mix of well-kept historic homes. The area boasts high walkability with top-rated middle (Woodrow Wilson, 7/10) and decent elementary schools just a few blocks away, making it attractive for families and university-related rentals. You're only minutes from Indiana State University, the new casino, and local shopping—super handy for students and investors alike. Nearby comps for similar 3-4 bed, 1-2 bath homes range from about $160K to $245K, while this property is freshly renovated and listed at $249K. The recent major system upgrades (roof, HVAC, water heater) mean little maintenance worry. The market is active here, but to really stand out, a little curb appeal—like fresh landscaping or a new front door—could make all the difference.
Market Activity
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Rental Income
$14K
Yield
5.7%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing this home adds significant appeal, raising the price per square foot to $96.42 compared to the $90.97 baseline. This improvement represents a 6% boost in value, effectively helping your property stand out to potential buyers. Upgrading creates a fresh, inviting environment that increases both sell and rent potential. With a solid return on investment, these enhancements transform a classic 1935 build into a highly competitive option in today’s local housing market.
Value Add
$11K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an estimated post-renovation value between $184,000 and $204,000. These upgrades should effectively stabilize the asset, aligning it well with renovated comps in the local Terre Haute market. Projected monthly rental income of $1,508 delivers a respectable 9.3% yield. With moderate appreciation potential, this investment provides a practical path for building long-term equity through a steady, income-generating rental strategy in this zip code.
Rental Income
$18K
Yield
9.3%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$249K
$53.4K over comp median
Comparative Market Analysis
$175K – $263K
~155 days to sell
Based on 8 comps
2514 Crawford St, Terre Haute Investment Report: Flip & Rental Analysis · Frontflip