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Rent potential up to $2,062
Updated 13 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential with monthly income projected between $1,875 and $2,062. Given the current market data, these figures represent a strong baseline for investors seeking reliable performance in the Madison area. The investment offers an impressive estimated yield of approximately 10.7%. With an annual appreciation of over $5,000, this condo serves as a compelling opportunity for those looking to balance steady cash flow with long-term growth.
More about this home
Neighborhood Assessment
Kings Mill Way sits in Madison’s growing east side, near newer residential and retail pockets rather than the historic core. It’s more car‑friendly than highly walkable, but day‑to‑day needs like groceries, big‑box retail, and casual dining are a short drive away, which renters and first‑time buyers usually appreciate. The condo complex itself is clearly an established micro‑community with multiple similar 1–2 bed units trading in the mid‑100Ks to low‑200Ks. Stable schools rated roughly mid‑to‑strong for Madison help long‑term demand, and low climate and flood risk make this a low‑drama, low‑headline neighborhood for holding or living in.
Market Activity
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Rental Income
$24K
Yield
10.7%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Updated finishes can make your condo feel fresh and inviting. While the price per square foot remains similar at $228 versus the $227 baseline, these touches help your home stand out with a 0.5% value boost. Modern upgrades create a lifestyle shift that appeals to discerning buyers and renters. With a potential sale price reaching $292,000, these improvements turn your space into a modern sanctuary that secures long-term value and rental appeal.
Value Add
$1K
Appreciation
$6K
Post Typical Renovation
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value estimated between 264,000 and 292,000 dollars. Given the limited value uplift from renovations, success depends heavily on keeping initial acquisition costs low to maximize equity. Projected monthly rents of 1,805 dollars generate a respectable 7.8 percent yield. While appreciation is modest at 2.3 percent, this property provides a stable cash-flow opportunity for investors prioritizing reliable long-term rental income over rapid equity growth.
Rental Income
$22K
Yield
7.8%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$221K
$43.1K below comp median
Comparative Market Analysis
$234K – $285K
Based on 8 comps
1625 Kings Mill Way UNIT 310, Madison Investment Report: Flip & Rental Analysis · Frontflip