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15
Values up 7.8%, Rent to $2,443
Updated 10 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property shows strong rent potential with estimated monthly income ranging between $2,115 and $2,443. This reflects a healthy market demand in the area for three-bedroom, two-bathroom units, offering a solid foundation for your investment. With an impressive projected yield of approximately 13.95%, this property stands out as a rewarding rental opportunity. By aligning your pricing with these market-driven figures, you can maximize your cash flow and long-term asset growth.
More about this home
Neighborhood Assessment
East Bluff in Madison's 53704 zip is a solid condo neighborhood with steady values around $190K-$220K for similar 2-3 bed townhomes. You've got Lake View Elementary (4/10) nearby, Black Hawk Middle (3/10), and strong East High (8/10) just 2.5 miles away. Walkability's decent with bus lines close, green spaces, and a clubhouse—perfect for families or renters. Comps like 204 East Blf at $215K show your 1,084 sqft, 3-bed/2-bath unit at $196K zestimate holds up well, you know? Taxes rose to $3.4K, signaling area growth.[78 chars]
Market Activity
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Rental Income
$27K
Yield
14.0%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modernizing this condo creates a distinct competitive edge. Updated homes command a higher price per square foot at $204 compared to $195 for baseline properties, representing an impressive 4.8% increase in value for your space. These improvements boost your potential sale value to $240,000, ensuring your home shines in a busy market. Investing in these finishes elevates the lifestyle quality, making the property more attractive to future buyers and premium renters.
Value Add
$10K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This condo offers solid potential with an estimated post-renovation value between $217,000 and $240,000. While the renovation uplift is modest at roughly 5%, the property remains well-positioned within current market trends for this specific neighborhood. Annual rental income is projected at $24,024, delivering an attractive 10.5% yield. This strong cash flow, combined with stable market demand, makes this a reliable asset for investors seeking steady returns through the BRRRR strategy.
Rental Income
$24K
Yield
10.5%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$196K
$41K below comp median
Comparative Market Analysis
$235K – $258K
~115 days to sell
Based on 5 comps
508 East Blf, Madison Investment Report: Flip & Rental Analysis · Frontflip