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3
Values up 2.3%, Rent now $1,710
Updated 11 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong rental potential in the Morgantown market. Based on recent comparable data, you can expect a monthly income between $1,675 and $1,750, supported by a healthy estimated annual yield of 17.7%. With an anticipated appreciation of $3,678 annually, this single-family home represents a solid long-term investment. The current rental climate remains steady, making this an attractive opportunity for investors looking to build consistent monthly cash flow.
More about this home
Neighborhood Assessment
The property at 290 S Marion St sits in a mature, modestly growing neighborhood in Morgantown, IN, where homes are primarily older—often 100+ years—with a mix of well-kept and in-need-of-work properties. The neighborhood doesn't show major new developments or significant recent commercial influx, but it does have a stable, walkable core and a consistent demand for affordable single-family homes. Local comps suggest values in the $100K–$130K range for similar-sized, updated homes, with limited rental activity noted. The lack of obvious external catalysts (new schools, grocery, or retail) means upside here is likely more about intrinsic property value than neighborhood momentum. Natural disaster risk is minimal, but summer heat is moderate—something buyers will notice. Local amenities are basic, and the area is served by average-rated schools a short drive away.
Market Activity
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Rental Income
$21K
Yield
17.7%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Fresh finishes significantly boost marketability, often helping homes move faster than the neighborhood average. While the price per square foot sits at roughly $115 compared to $119 baseline, these modern touches offer immense lifestyle appeal and comfort. Upgrading ensures your home feels current and inviting for future buyers or tenants. With solid rent potential around $1,671, this investment creates a vibrant living space that stands out, fostering long-term pride and neighborhood desirability.
Comps
4
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $186,000 and $206,000. Renting at approximately $1,793 monthly provides a reliable income stream, yielding an attractive 11% return based on current market valuations. Renovation efforts should focus on cosmetic upgrades to align with the competitive $134 price-per-square-foot median. With consistent demand and steady rental growth, this investment offers a stable pathway to build equity through a proven buy-and-hold strategy.
Rental Income
$22K
Yield
11.0%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Asking price
$190K
$61K below comp median
Comparative Market Analysis
$210K – $453K
~78 days to sell
Based on 8 comps
290 S Marion St, Morgantown Investment Report: Flip & Rental Analysis · Frontflip