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Values Range $801K–$886K, 9 Sales Deep
Updated 13 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential in the current Madison market. With estimated monthly income ranging from $3,060 to $3,442, investors can expect a solid rental yield of approximately 7.09% based on recent area data. Beyond immediate cash flow, the local market outlook remains bright. An estimated annual appreciation of $21,663 further boosts the investment profile, making this a promising opportunity for building long-term wealth through a rental strategy.
More about this home
Neighborhood Assessment
Dudgeon-Monroe is one of Madison’s most walkable, lifestyle-driven neighborhoods, with coffee shops, local restaurants, Lake Wingra, and the Southwest Commuter Path all close by. You’ve also got strong schools nearby, including highly rated West High, which keeps family demand and resale interest very steady. On Monroe St specifically, nearby single-family and small multifamily homes cluster in the mid–$400Ks to high–$500Ks, and values have trended up over time. The area feels stable, low climate risk, and owner-occupant friendly, with solid rent potential given the 4 bed / 2 bath / 2.3K sqft footprint.
Market Activity
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Rental Income
$39K
Yield
7.1%
Appreciation
$22K
Year 1 Estimates
Fix-and-Flip
Modernizing a home significantly boosts its appeal, raising the price per square foot to roughly 351 dollars compared to the 328 dollar baseline. This represents a solid 7 percent lift, positioning your property for premium market interest. Elevating your home with thoughtful updates enhances its sell potential, reaching up to 873,000 dollars. This path offers homeowners a vibrant, contemporary living space while providing investors a clear, reliable strategy to increase long-term property value.
Value Add
$53K
Appreciation
$33K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $790,000 and $873,000. Renovations should effectively capitalize on the square footage, targeting the upper tier of the $351 average price per square foot. Annual rental income is projected at $37,644, resulting in a 4.5% yield. While the cash flow is stable, success depends on keeping renovation costs tight to maximize equity capture and ensure long-term appreciation returns.
Rental Income
$38K
Yield
4.5%
Appreciation
$33K
Year 1 Estimates, Post Typical Renovation
Estimated value
$550K
$167.1K below comp median
Comparative Market Analysis
$619K – $958K
Based on 8 comps
2929 Monroe St, Madison Investment Report: Flip & Rental Analysis · Frontflip