Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
Value up to $177K, Rent hits $1,214
Updated 2 days ago • 9 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with market estimates for monthly income ranging between $1,139 and $1,263. These figures suggest a healthy performance for similar three-bedroom, one-bath homes throughout the Springfield area. Investors can anticipate an attractive annual yield of approximately 13.6%. Combined with steady market appreciation, this rental opportunity offers a solid strategy for generating consistent cash flow and long-term value in the current housing market.
More about this home
Neighborhood Assessment
916 N Prospect Ave sits in Springfield's Weller neighborhood, a historic area with older homes built around 1886-1904. Nearby comps show steady values around $100K-$190K for similar 3-bed, 1-bath homes ~1,000-1,400 sqft, like 922 N Prospect pending at $125K. Schools are mixed—Weller Elementary (3/10), Central High (7/10), Pipkin Middle (2/10)—and walkability's okay near urban amenities, but no big developments popping up. It's stable, you know, not exploding but holding firm. Risks are low: minimal flood/fire, minor air/wind issues, though heat's rising. Tax assessments ~$53K with ~$500 annual taxes make it affordable for investors eyeing cash flow.
Market Activity
+ Ask a question in the app
Rental Income
$14K
Yield
13.6%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing this home offers a wonderful chance to create a refreshing, move-in-ready space. While current market trends show a modest shift in price per square foot from $131 to $122, these updates significantly elevate interior appeal. Focusing on quality renovations creates a home buyers genuinely love. With a potential sale value reaching $155,000 and solid rental income prospects, your investment highlights a commitment to comfort that captures attention and enhances daily living experiences.
Comps
9
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $140,000 and $155,000. Leveraging a smart renovation strategy will maximize your equity position, ensuring the asset aligns well with current market standards for modern updates. The investment generates a steady $1,205 in monthly rent, resulting in a healthy 9.8% yield. This performance, paired with consistent annual appreciation, makes it a reliable addition to a balanced portfolio focused on long-term growth.
Rental Income
$14K
Yield
9.8%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$106K
$71.5K below comp median
Comparative Market Analysis
$160K – $188K
~23 days to sell
Based on 8 comps
916 N Prospect Ave, Springfield Investment Report: Flip & Rental Analysis · Frontflip