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18
Values Up 9% in Mullan, Yield at 8.3%
Updated 7 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
The rental outlook for this property is quite promising. Market analysis suggests a monthly income potential between $1,879 and $1,958. With an impressive estimated yield of 11.52%, this home stands out as a strong rental candidate. This property offers consistent cash flow potential compared to local benchmarks. Investors can expect stable returns, supported by a steady market appreciation rate. It represents a solid opportunity for those seeking reliable, long-term residential rental income.
More about this home
Neighborhood Assessment
Mullan's a quiet, rural spot in Idaho's Silver Valley, you know, perfect for outdoor lovers with Lookout Pass skiing and Hiawatha trails right nearby. But walkability? Pretty much zero—it's car country up in these hills. Nearby comps hover around 130K-340K for similar 3-bed homes, so this 1,628 sqft fixer-upper at ~$200K on 0.37 acres fits the market, though flood and fire risks are real concerns here. No big developments popping up—no new malls or schools transforming the area. The single K-12 school rates average at 5/10, and with 128 days on market, demand's steady but not hot.
Market Activity
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Rental Income
$23K
Yield
11.5%
Appreciation
$502
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from roughly 168 dollars to 189 dollars. This 12.6 percent increase signals strong buyer interest, effectively unlocking a higher tier of market potential. Renovating creates an inviting, turn-key experience that appeals to today’s buyers. With higher rent potential and a substantial boost in market presence, this upgrade is a smart way to enhance your lifestyle and long-term equity.
Value Add
$35K
Appreciation
$770
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $291,000 and $322,000. Targeted updates will capture significant equity, effectively boosting the price per square foot by over 12 percent compared to baseline stats. Monthly rental income of $2,122 generates a respectable 8.3 percent yield. With steady demand in the area, this asset presents a balanced opportunity for investors seeking reliable cash flow alongside meaningful long-term value appreciation.
Rental Income
$25K
Yield
8.3%
Appreciation
$770
Year 1 Estimates, Post Typical Renovation
Estimated value
$200K
$100.2K below comp median
Comparative Market Analysis
$239K – $404K
~216 days to sell
Based on 8 comps
27 Daisy Loop, Mullan Investment Report: Flip & Rental Analysis · Frontflip