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19
41 Rentals Confirm $2,094 Rent Value
Updated 8 days ago
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential for investors. Based on market data, you can expect monthly income between $1,941 and $2,187. This range reflects solid demand for 3-bedroom, 2-bathroom homes in this neighborhood. With a strong estimated yield of 11.52% and a steady annual appreciation rate of over 6%, this home is a compelling long-term asset. It offers a reliable path to building wealth through consistent rental cash flow.
More about this home
Neighborhood Assessment
232 Richard St sits in a quiet, established Waukesha neighborhood with solid fundamentals. You've got South High School (rated 5/10) just 0.8 miles away, plus Hadfield Elementary and Horning Middle both at 4/10 ratings—decent for families. Comps like 235 Richard St (3 beds/1.5 baths, 1,127 sqft at ~$332K zestimate) and 304 Richard St (3 beds/2 baths, 1,297 sqft at $345K) show this 3 bed/2 bath, 1,017 sqft ranch priced competitively at $215K. Low environmental risks and a spacious 0.31-acre lot with pool add appeal in this stable area.
Market Activity
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Rental Income
$25K
Yield
11.5%
Appreciation
$13K
Year 1 Estimates
Fix-and-Flip
Updated homes clearly outperform, commanding $306 per square foot compared to the $281 baseline. This represents a healthy 9% boost in value. These improvements effectively set your property apart and attract higher buyer interest. Upgrading offers a solid path to increased appeal and rental potential of $2,187. By focusing on modern touches, you unlock roughly $25,000 in added value, making your home a standout choice for future buyers or tenants.
Value Add
$25K
Appreciation
$20K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $302,000 and $333,000. Renovations capitalize on an 8.9% price-per-square-foot uplift, effectively moving the asset toward the upper tier of local market performance. The rental outlook remains steady, projecting $2,187 in monthly income. An 8.3% yield combined with a 6.2% annual appreciation rate creates a reliable cash-flowing asset, making this a balanced opportunity for long-term buy-and-hold investors.
Rental Income
$26K
Yield
8.3%
Appreciation
$20K
Year 1 Estimates, Post Typical Renovation
Estimated value
$215K
$158K below comp median
Comparative Market Analysis
$315K – $460K
~367 days to sell
Based on 9 comps
232 Richard STREET, Waukesha Investment Report: Flip & Rental Analysis · Frontflip