Frontflip
Deals
My Reports
Get the iOS app
Invite
Settings
Login / Sign up
Deals
My Reports
38834 Edgemont Dr, Palmdale Investment Report: Flip & Rental Analysis · Frontflip
Values dip to $530K, 8 comps analysis
Updated 10 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income ranging from $3,342 to $3,687. These figures reflect a solid market performance, suggesting you can secure steady, competitive returns in this desirable Palmdale neighborhood. With a projected rental yield of approximately 7.71%, this investment offers a compelling opportunity for consistent cash flow. Comparing your property to recent local lease data indicates it is well-positioned to attract quality, long-term tenants.
More about this home
Neighborhood Assessment
This Palmdale property sits in a developing area with mixed fundamentals. The neighborhood shows steady residential growth with comparable 4-bed homes ranging from $527K–$584K, positioning this 2K sqft home at $546K—right in the middle of the pack. Schools nearby (Ocotillo Elementary rated 6/10, David G. Millen Intermediate rated 3/10, Highland High rated 4/10) are below average, which typically limits buyer appeal. The 1992 construction means potential maintenance costs ahead.
Market Activity
+ Ask a question in the app
Rental Income
$42K
Yield
7.7%
Year 1 Estimates
Fix-and-Flip
Updating your home is a fantastic way to elevate your lifestyle and increase appeal. These refinements boost the value to roughly $276 per square foot, a solid 4% increase over the neighborhood average of $266 per square foot. This enhancement offers a prime opportunity to capture a premium sale price, with potential reaching $571,000. Beyond immediate gains, refreshed finishes create a modern, inviting space that stands out, ensuring your property remains a top-tier choice.
Value Add
$21K
Post Typical Renovation
Buy-Rehab-Rent
The post-renovation value for this property ranges between $517,000 and $571,000. With a solid rental income of $3,570 monthly, the asset offers a steady annual return of $42,840, presenting a reliable 7.9% gross yield. Market data indicates this is a stable performer in a consistent neighborhood. While the immediate flip potential is limited by modest value-add margins, the strong rental demand makes this an attractive candidate for long-term buy-and-hold strategies.
Rental Income
$43K
Yield
7.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$547K
$16.7K over comp median
Comparative Market Analysis
$362K – $719K
~55 days to sell
Based on 8 comps