Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
24
Values up to $188K, 26 comps analyzed
Updated 3 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The rental market for this Mims property shows solid promise. Based on local trends, you can expect a monthly rental income between $1,716 and $1,847, making it a reliable option for consistent cash flow. With an estimated yield of 10.69%, this investment stands out as a strong performer for your portfolio. The current market data suggests that this property is well-positioned to capitalize on steady local demand.
More about this home
Neighborhood Assessment
Mims, FL offers a quiet, rural vibe near Kennedy Space Center, you know, perfect for Space Coast commuters. Walkability's low—it's car-dependent with minimal shops or amenities nearby. Schools like Mims Elementary (6/10) are decent, but middle and high ratings dip to 4/10 and 3/10. Nearby comps list 120K-200K, signaling steady but not explosive demand. Recent price drops from 209K to 200K show motivated seller in this stable, low-key area. Extreme wind/heat risks demand solid insurance, though flood/fire are minimal. The neighborhood feels peaceful on spacious 0.28-acre corner lots, close to US-1 for Titusville access.
Market Activity
+ Ask a question in the app
Rental Income
$21K
Yield
10.7%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting your potential sale price to roughly 219,000. Upgraded properties command 243 per square foot compared to the baseline 214, offering a solid 19 percent increase in market appeal. This renovation creates a premium feel that helps your property shine. With a value add of over 33,000, these improvements make your home a standout choice for future buyers while maintaining competitive rental income potential.
Value Add
$33K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an after-repair value between $198,000 and $219,000. Renovations should effectively bridge the gap from baseline market pricing, potentially boosting your asset value by nearly 20 percent post-completion. The projected monthly rental income of $1,725 generates an attractive 9.9 percent yield. With steady demand in this zip code, the income potential justifies the renovation effort, making this a viable long-term hold for investors.
Rental Income
$21K
Yield
9.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$200K
$15K over comp median
Comparative Market Analysis
$120K – $230K
~294 days to sell
Based on 8 comps
2627 Myrtle Ave, Mims Investment Report: Flip & Rental Analysis · Frontflip