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Value up to $185.5K, 11% Yield
Updated 13 days ago
Your Investment Paths
Turnkey Rental
The property at 873 Kottke Drive shows solid rental potential with expected monthly income ranging between $1,514 and $1,574. This aligns well with local market trends for comparable two-bedroom, one-bath condominiums in the Madison area. Investors can anticipate a healthy rental yield of approximately 11%, supported by consistent market demand. With a projected annual appreciation of $3,469, this property represents a compelling opportunity for those seeking steady, long-term passive income.
More about this home
Neighborhood Assessment
This pocket of Madison’s west side is a solid, workhorse neighborhood: mainly mid‑80s condos with consistent owner and renter demand. You’re close to major employers, retail along Mineral Point Rd and Gammon, and easy Beltline access, so commutes and everyday errands stay simple and predictable. Values in this Kottke Dr cluster have marched up steadily into the mid–high $100Ks, and nearby 1–2 bed units show a tight, well‑defined price band. Schools are decent to strong, and climate and fire risk are minimal, which quietly helps long‑term stability and insurability.
Market Activity
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Rental Income
$19K
Yield
11.0%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Modern updates elevate property value, increasing price per square foot from roughly 214 dollars to 217 dollars. This 1.3 percent gain proves that fresh finishes catch the eye and help homes feel significantly more desirable to buyers. Renovating creates a more vibrant, turnkey experience, likely shortening time on the market. With better rent potential and increased sell potential, these improvements boost long-term appeal, making the property a standout choice for future residents and investors.
Value Add
$2K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This condo offers solid potential with an estimated post-renovation value between $159,000 and $176,000. Renting at approximately $1,531 monthly provides a strong 11% yield, signaling steady cash flow performance within the current local market environment. Renovation upside appears limited, so success hinges on tight cost control during the rehab phase. With consistent rental demand and manageable entry pricing, this property represents a practical, income-focused addition to a balanced real estate portfolio.
Rental Income
$18K
Yield
11.0%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$168K
$18.4K below comp median
Comparative Market Analysis
$180K – $200K
Based on 8 comps
873 Kottke Dr, Madison Investment Report: Flip & Rental Analysis · Frontflip