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5
Values Up 1.5%, Flip Yields $393K ARV
Updated today • 5 new comps
Your Investment Paths
Turnkey Rental
The property at 1426 Nevada Rd shows solid rental promise for investors in Madison. Current market analysis suggests a monthly income potential between $2,182 and $2,292, aligning well with similar single-family homes in the area. With a healthy rental yield of approximately 7.57%, this property presents a stable income opportunity. The consistent market demand and an estimated annual appreciation of $5,196 make it a compelling choice for long-term growth.
More about this home
Neighborhood Assessment
Sherman Village on Madison’s north side is a stable, owner-occupied neighborhood of 1960s single-family homes with steady value growth. Nearby comps on Nevada Rd and Arizona Cir trading mostly in the low–mid $300Ks show solid buyer demand for 3‑bed homes in this pocket. You’re a short drive to East Madison employers, shopping, and parks, with decent but not premium walkability. Public schools are mixed—elementary and middle are average, but East High is a strong draw—helping long‑term resale and rental appeal for families looking under the $400K mark.
Market Activity
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Rental Income
$27K
Yield
7.6%
Appreciation
$5K
Year 1 Estimates
Fix-and-Flip
Modernizing this 1960 home offers clear benefits, raising value by roughly 4.6%. The price per square foot climbs from $234 to $245, helping the property stand out and creating a refreshed, inviting space for future occupants. Upgrading attracts buyers who value a move-in-ready lifestyle, boosting potential sale pricing up to $393,000. While rental income remains steady near $2,400, these improvements provide a competitive edge, making the home a truly desirable neighborhood standout.
Value Add
$17K
Appreciation
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value ranging from $355,000 to $393,000. These figures align well with neighborhood comps, providing a reliable exit or refinancing baseline for investors seeking long-term equity growth. The estimated monthly rent of $2,427 delivers a healthy 7.8% yield. Given the 1,547 square foot footprint and stable market demand, this asset offers strong cash flow performance combined with steady, projected annual appreciation.
Rental Income
$29K
Yield
7.8%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$355K
$14.3K below comp median
Comparative Market Analysis
$336K – $416K
Based on 8 comps
1426 Nevada Rd, Madison Investment Report: Flip & Rental Analysis · Frontflip