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7
Values Up 3% to $241K, Yield at 6.6%
Updated 6 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The property at 120 Danny Road shows promising rental potential. Market data suggests monthly income between $867 and $1,088. With a projected yield of roughly 6.6%, this home offers a solid foundation for steady rental returns. Investors should focus on these rental figures rather than historical valuations, as current demand supports this income range. This income potential, paired with the property's size, positions it as a practical choice for a turnkey rental portfolio.
More about this home
Neighborhood Assessment
120 Danny Dr sits in a quiet, established single‑family pocket of Marion with mostly 3‑bed homes trading in the mid‑100Ks to low‑200Ks, so you’re in a stable value range with some upside. The 0.69‑acre lot is a big plus for privacy, parking, or future add‑ons, even though the immediate area is car‑dependent rather than truly walkable. Schools nearby are average at best, which keeps this more of a budget‑friendly owner‑occupant or workforce‑rental location than a premium family magnet. Climate and wind risk means insurance will run higher, but flood risk is low, and long‑term value trends around $170K suggest slow, steady appreciation rather than big, sudden jumps.
Market Activity
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Rental Income
$12K
Yield
6.6%
Year 1 Estimates
Fix-and-Flip
Refreshing your home with modern updates is a smart way to boost value. Properties with these touches command roughly $146 per square foot, a healthy 22 percent jump over the standard $120 rate seen in typical listings. These improvements can increase your home's sale potential by over $25,000. Beyond higher offers, modern spaces attract better tenants and provide a wonderful lifestyle upgrade, making your property a standout choice in this competitive local market.
Value Add
$46K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid upside, with renovations potentially boosting the value from a baseline of roughly $212,000 to between $255,000 and $282,000. These improvements effectively bridge the gap between current condition and top-tier market standards. The investment generates $1,324 in monthly rent, resulting in a 5.9% yield. While the cash flow is stable, success depends on keeping renovation costs tight to ensure the total capital invested stays well below post-rehab value.
Rental Income
$16K
Yield
5.9%
Year 1 Estimates, Post Typical Renovation
Estimated value
$177K
$17.7K below comp median
Comparative Market Analysis
$143K – $300K
~106 days to sell
Based on 8 comps
120 Danny Dr, Marion Investment Report: Flip & Rental Analysis · Frontflip