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22
Rent yield up to 11.08% at Emerald Bay
Updated 6 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with market analysis suggesting a solid monthly income between $2,453 and $2,638. These figures highlight an attractive opportunity for consistent cash flow in the current Oldsmar landscape. With an impressive estimated rental yield of approximately 11.08%, this investment offers a compelling return profile. The data reflects a healthy demand for local townhomes, making this an excellent choice for a turnkey rental portfolio.
More about this home
Neighborhood Assessment
Emerald Bay in Oldsmar, FL offers solid neighborhood appeal with strong schools like Oldsmar Elementary (8/10 rating, 0.7 miles away) and good comps around $250K-275K for similar 1,380 sqft, 3-bed/3-bath townhomes. The community's pond views, screened lanai, and $135/mo HOA covering pool and maintenance add desirability. Walkability's decent with mature landscaping, but it's more suburban than urban—you know, families love the convenience without big-city hustle. Comparable homes on Emerald Bay Dr zestimate similarly, showing stable values without wild swings. Pinellas County's growth supports steady demand, though flood/wind risks are notable (extreme ratings).
Market Activity
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Rental Income
$31K
Yield
11.1%
Year 1 Estimates
Fix-and-Flip
Modernizing this townhome offers a clear edge in value. Upgraded homes trade at roughly $256 per square foot, a 3.7% premium over the baseline rate of $247. This enhancement boosts potential rental income and general market appeal. Investing in these finishes creates a desirable living space that stands out to buyers and renters. With a potential value increase of nearly $13,000, this path is a smart way to elevate property quality and desirability.
Value Add
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a post-renovation value between 328,000 and 363,000 dollars. With an estimated monthly rent of 2,449.50 dollars, the asset delivers a solid 8.5 percent yield, positioning it as a steady income-producing investment. Market data suggests limited upside potential from renovations, as the price-per-square-foot increase is marginal. However, the consistent rental demand makes this a reliable BRR opportunity for long-term cash flow rather than immediate aggressive value appreciation.
Rental Income
$29K
Yield
8.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$276K
$53.4K below comp median
Comparative Market Analysis
$246K – $350K
~95 days to sell
Based on 8 comps
34 Emerald Bay Dr, Oldsmar Investment Report: Flip & Rental Analysis · Frontflip