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Rent climbs to $4,147, 2 comps confirm
Updated 12 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows significant rent potential, with market estimates suggesting monthly income between 3,831 and 4,463 dollars. These figures reflect strong demand for comparable six-bedroom homes, offering an attractive yield of approximately 19.9 percent annually. With a median potential rent of 4,147 dollars, the asset is well-positioned for solid cash flow. Investors should consider these market-validated income ranges to maximize returns compared to historical local property performance and valuations.
More about this home
Neighborhood Assessment
Sugarmill Woods Oak Village in Homosassa, FL, offers solid appeal with its golf course community vibe and senior-friendly setup. You've got nearby Lecanto schools rated 5-6/10, about 7 miles away, and walkability's decent for retirees who like staying active. Nearby comps on Oak Park Blvd are mostly raw lots at ~$23K, while finished homes like 3-bed on Morning Glory Ct hit $250K-$350K. This area's steady, not exploding, but the golf perks keep demand humming. At 4,356 sqft with 6 beds/4 baths built in 2022, this under-construction duplex screams builder opportunity in a low-flood zone, though wind/heat risks are high. Price drops from $340K to $250K signal motivation—cash-only short sale at $57/sqft looks steal-worthy against comps.
Market Activity
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Rental Income
$50K
Yield
19.9%
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that resonates with buyers. While current market benchmarks sit at $175 per square foot, tasteful updates elevate the overall living experience, helping your property shine in a competitive market. Investing in quality finishes enhances your home’s charm and long-term appeal. With a rental potential up to $5,205, creating a polished space unlocks significant value, ensuring your property remains a desirable choice for discerning future residents.
Comps
0
Buy-Rehab-Rent
This property shows significant limitations for a BRRRR strategy due to a lack of comparable renovated sales. With a 4,356 square-foot layout built in 2022, the existing baseline valuation sits at approximately $762,000 based on area averages. Rental prospects appear stable, with projected monthly income ranging between $3,976 and $4,736. However, since the property is brand new, substantial renovation uplift is unlikely, making the forced appreciation model inefficient for this specific asset.
Estimated value
$250K
$313.5K below comp median
Comparative Market Analysis
$535K – $1.3M
~367 days to sell
Based on 6 comps
5948 W Oak Park Blvd, Homosassa Investment Report: Flip & Rental Analysis · Frontflip