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Rent climbs to $1,488; yield at 11.6%
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Turnkey Rental
1145 Southpointe Drive shows strong rental potential with estimated monthly income ranging from $1,403 to $1,488. These figures reflect current market demand, positioning this property as a solid income-generating asset for any portfolio. The impressive 11.6% projected rental yield highlights a lucrative opportunity in Franklin. With consistent market appreciation adding roughly $2,423 annually, this home offers a balanced mix of immediate cash flow and long-term value growth.
More about this home
Neighborhood Assessment
Northpointe in Franklin, IN offers everyday conveniences—nearby schools (all rated 6/10 and well under 3 miles away), easy access to US 31, and a residential feel that attracts steady interest. Most homes on this block are manufactured or single-family types with similar square footage and price points, so values stay stable and predictable. Neighborhood safety risks—like flooding, fire, and wind—are all minimal to moderate, so insurance is affordable. Recent nearby sales cluster between $93K and $151K for 2-3 beds and 950–1,050 sqft, making local comps easy to justify. Rents in recent years have hovered around $800–$850/month for similar units, so investors probably aren’t seeing explosive cash flow, but stability is a plus. Schools, jobs, and shopping are all within a short drive, keeping demand steady.
Market Activity
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Rental Income
$17K
Yield
11.6%
Appreciation
$2K
Year 1 Estimates
Fix-and-Flip
Modernizing your home offers a clear boost to its appeal. Updated properties command about 197 dollars per square foot, a 2.6 percent gain over the typical 192 dollars. This premium helps your home shine in a competitive market. Investing in these improvements enhances your property’s value, pushing potential sale prices up to 218,000 dollars. With steady rent potential reaching 1,692 dollars, these updates create a more inviting living space while securing your long-term financial growth.
Value Add
$5K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a stable BRR opportunity with an estimated post-renovation value between $197,000 and $218,000. With a solid 9.4% yield and consistent rental demand, the asset aligns well with long-term cash flow objectives for investors. Projected monthly income of $1,617 supports strong debt coverage. While the flip potential is low, the focus on rental income and market-rate appreciation makes this a practical, reliable addition to a balanced real estate portfolio.
Rental Income
$19K
Yield
9.4%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Asking price
$167K
+113% · 9 yrs
1145 Southpointe Dr, Franklin Investment Report: Flip & Rental Analysis · Frontflip