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23 Comps Back $795K Median Value
Updated 11 days ago • 20 new comps
Your Investment Paths
Turnkey Rental
The property at 8247 Lamplight Dr shows strong rental appeal within the Tracy market. Current data suggests a monthly income potential ranging from $3,135 to $3,331, providing a solid foundation for steady cash flow. With local comparable properties averaging over 2,300 square feet, this spacious 2,700-square-foot home is well-positioned to attract premium tenants. Its size and layout align perfectly with current area demand for high-quality rental housing.
More about this home
Neighborhood Assessment
8247 Lamplight Dr sits in Tracy, CA 95377, a growing suburb in San Joaquin Valley with solid upside. Walkability's decent around here, you know, with parks and trails nearby keeping families happy. Neighborhood's seeing steady demand as commuters eye Bay Area jobs without the insane prices. Recent sales of similar spots hover around 700K-900K, showing resilience even if specifics are light. It's got that classic Tracy vibe—quiet streets, good schools pulling in buyers. No big red flags on developments, but keep tabs on local news for new retail or transit boosts that could spike values quick.
Market Activity
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Rental Income
$39K
Yield
—
Year 1 Estimates
Fix-and-Flip
Modernizing your property is a powerful way to stand out. With price per square foot rising from $297 to $309—a 4% increase—refining your space can boost your sell potential to nearly $872,000, creating significant appeal for buyers. Upgrading elevates your home's quality, unlocking a fresh, inviting lifestyle. While rent potential remains steady, this investment enhances your property's overall desirability and long-term value, making it a savvy move for any owner seeking a competitive edge.
Value Add
$33K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid post-renovation value between $789,000 and $872,000. With a focus on strategic updates, investors can capitalize on the market-standard price per square foot of approximately $308 to maximize total asset equity. Projected monthly rental income stands at $3,177, yielding an annual return of 4.6%. While this yield is modest, the stability of the rental market makes this a reliable long-term hold for building consistent real estate wealth.
Rental Income
$38K
Yield
4.6%
Year 1 Estimates, Post Typical Renovation
Estimated value
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8247 Lamplight Dr, Tracy Investment Report: Flip & Rental Analysis · Frontflip