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Real CapScout report·address withheld·single-family·analyzed August 2026
The deal, specifically
The purchase price is the anchor of this deal. At $149,900 the property trades far under the market's $340k median and its own $179/sqft is a discount to the $241 area figure, which is what drives the double-digit yield regardless of where rent settles.
Rent is where to apply discipline. The $2,080 estimate outruns the $1,702 comp anchor and sits against a market rent series that has slid roughly 7–10% over the year. Underwrite closer to the low end of the $1,714–$2,446 band; even there the yield stays in the mid-teens, so the deal survives a conservative rent, it just isn't as fat as the headline.
Risk register
- MED×MEDRealized rent falls short of the $2,080 estimate toward the $1,702 anchor.Underwrite at $1,800; verify with two local leasing quotes before closing.
- MED×MEDSoftening rent market (down ~7–10% YoY) pressures renewals.Lock a 12-month lease at market and budget one month vacancy on turns.
- LOW×MEDTax reset on sale raises carrying costs above 2016 levels.Confirm the current-year tax bill and model a reassessment to sale price.
- Rent estimate carries a ±17.6% band and exceeds the $1,702 comp anchor; treat $2,080 as an upper case
- Property tax figure dates to 2016; confirm the current bill
- Listing data is 39 days old