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Value hits $265K, rent up to $2,150
Updated 12 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property at 1625 Kings Mill Way shows promising rental potential. Market data suggests a monthly income range between $1,900 and $2,010. This steady revenue stream, paired with current market conditions, offers an attractive investment opportunity. Investors can expect a healthy yield of approximately 10.9%, bolstered by consistent annual appreciation. With the median rental potential positioned above $2,000, this unit stands out as a solid addition to any local real estate portfolio.
More about this home
Neighborhood Assessment
Kings Mill Way sits in a stable, quiet pocket on Madison’s east side, with mostly mid‑90s condos and townhomes that draw long‑term owners rather than short‑term flippers. You’re close to everyday essentials, major arteries into downtown, and a growing mix of retail and services, even if it’s not ultra-urban walkable. Nearby 1–2 bed condos are clustering in the mid‑$160K–$230K range, and this 1-bed, 2-bath, roughly 1.2K sqft unit tracks right in the middle of that pack. Steady tax-assessed value growth and moderate climate risk point to solid, low-drama hold potential for both owner‑occupants and buy‑and‑hold investors.
Market Activity
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Rental Income
$24K
Yield
10.9%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Modernizing this condo is a fantastic way to elevate your living experience. With a price per square foot of $228 compared to the $227 baseline, upgrades boost your property value while creating a refreshing, contemporary home environment. This project enhances your long-term investment by increasing potential sale prices to $292,000 and rental income up to $1,921. While the percentage change is modest at 0.3%, the lifestyle benefits and market appeal offer genuine, lasting value.
Value Add
$860
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. While the flip margin appears tight, the property sits comfortably within current market averages, providing a stable foundation for long-term equity. Projected rental income hits $1,805 monthly, delivering a healthy 7.8% yield. Given the 1995 build date and moderate appreciation rates, this investment serves as a reliable, income-producing asset for a steady real estate portfolio.
Rental Income
$22K
Yield
7.8%
Appreciation
$6K
Year 1 Estimates, Post Typical Renovation
Estimated value
$221K
$44.3K 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