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32
Values up 4%, Rent hits $2,494
Updated 11 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
This Lakewood home shows strong rental potential, with estimated monthly income ranging from $2,023 to $2,463. These figures suggest a healthy market demand that aligns well with local rental trends for similar three-bedroom properties. With an attractive estimated yield of nearly 8%, this property serves as a solid income-generating asset. Investors can expect steady returns, bolstered by a projected annual appreciation of approximately $17,983 based on current market rates.
More about this home
Neighborhood Assessment
This Lakewood neighborhood sits in a stable, established residential area with solid fundamentals. You've got good school access—Grant Elementary (8/10) and Harding Middle (8/10) are nearby, which anchors family appeal. The street features comparable homes in the $260K-$420K range, suggesting decent market activity. The property itself—1,934 sqft, 3 bed/2 bath Colonial from 1922—is fairly valued at $337K relative to comps. Low disaster risks across the board. The area's walkable character and proximity to Lake Erie create genuine neighborhood identity.
Market Activity
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Rental Income
$27K
Yield
8.0%
Appreciation
$18K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a more competitive edge. With a price per square foot increase from $206 to $215, or about 4.3%, updated homes offer a modern appeal that attracts buyers and enhances long-term property desirability. These improvements can boost your sell potential to $427,000 and maintain consistent rental appeal. Investing in current finishes keeps your home vibrant and move-in ready, ensuring it remains a standout choice for future residents and buyers.
Value Add
$17K
Appreciation
$22K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $386,000 and $427,000. These figures, supported by local market comps, provide a strong foundation for building equity through strategic interior and exterior updates. Monthly rental income is projected at $2,353, yielding a 6.9% return. Combined with an annual appreciation estimate of $21,678, this investment offers a reliable path toward long-term wealth building in a stable, established neighborhood.
Rental Income
$28K
Yield
6.9%
Appreciation
$22K
Year 1 Estimates, Post Typical Renovation
Estimated value
$337K
$26.1K below comp median
Comparative Market Analysis
$292K – $473K
~34 days to sell
Based on 8 comps
1620 Wagar Ave, Lakewood Investment Report: Flip & Rental Analysis · Frontflip