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23
Values Adjust to $685K, Rent at $3.6K
Updated 3 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with monthly income expected to fall between $3,048 and $3,605. These figures reflect a competitive local market, offering an estimated annual yield of approximately 5.73% for potential investors. Based on recent comparable activity, this investment is well-positioned for consistent performance. With stable market appreciation and solid income projections, the property represents a reliable opportunity for building long-term value in the Wilmington area.
More about this home
Neighborhood Assessment
9 Kiernan Ave sits in a solid Wilmington, MA neighborhood with strong commuter appeal—walk to shopping, commuter rail, and quick highway access. Nearby schools rate decent (middle 6/10, high 7/10), and comps on Kiernan Ave and Chelsea St show steady values around 550K-790K for similar 2-4 bed homes. The 0.51-acre lot and unique oversized garage add rare appeal in this working-class area. It's got that B-class vibe—clean, safe, family-friendly without being flashy. Values have climbed nicely since the 2020 sale, with Zestimate at ~700K signaling good appreciation potential amid steady tax growth. No major red flags on risks, though wind's a watch point long-term.
Market Activity
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Rental Income
$40K
Yield
5.7%
Appreciation
$15K
Year 1 Estimates
Fix-and-Flip
Updating your home is a fantastic way to elevate your living experience and broaden market appeal. While the price per square foot remains competitive at roughly 511 dollars versus the baseline 513, these enhancements create lasting value. Modern upgrades shine by boosting your rent potential to over 3,800 dollars. This shift offers a great balance between personal enjoyment and long-term asset growth, ensuring your property remains a sought-after gem in the neighborhood.
Comps
20
Buy-Rehab-Rent
This property shows solid rental potential with a projected median income of $3,662 monthly. The post-renovation value target of $562,000 to $621,000 provides a reliable baseline, supporting a healthy 7.4% yield for long-term buy-and-hold investors. While market price appreciation remains modest at roughly 2%, the strong rental demand makes this a stable BRR play. Focus on keeping renovation costs tight to maximize equity capture and ensure the yield stays competitive long-term.
Rental Income
$44K
Yield
7.4%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Estimated value
$697K
$11.7K over comp median
Comparative Market Analysis
$600K – $835K
~153 days to sell
Based on 8 comps
9 Kiernan Avenue, Wilmington Investment Report: Flip & Rental Analysis · Frontflip