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Values Down 9.4%, Rent Holds Steady
Updated yesterday • 2 new comps
Your Investment Paths
Turnkey Rental
The rental market in Watertown shows solid promise for this property. Expect monthly income between $2,271 and $2,438. This range aligns well with local performance, providing a stable foundation for your real estate investment strategy. With an estimated annual yield of approximately 5.91%, the property offers attractive cash flow potential. When combined with a projected market appreciation of $27,072, this asset stands out as a strong long-term wealth builder.
More about this home
Neighborhood Assessment
402 Wildflower Ln sits in a stable Watertown, WI neighborhood with solid schools like Webster Elementary (5/10 rating, 0.9 miles away) and Riverside Middle (4/10, 1 mile). Nearby comps show steady values—$437K for 2000 sqft next door, $484K for 3203 sqft homes—around the $478K zestimate. Water view adds appeal, but walkability's average without noted amenities or big developments. It's a quiet, family-friendly spot in Jefferson County, low on risks like flood or fire. Lot sales nearby hint at growth potential, though no major projects pop up. Homes hold value well, taxes ~$6.8K yearly.
Market Activity
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Rental Income
$28K
Yield
5.9%
Appreciation
$27K
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a modern, inviting space that resonates with buyers. While market data shows a slight dip in price per square foot from $176 down to $163, these updates can significantly enhance daily enjoyment. This upgrade boosts your rent potential to roughly $2,757, making it a smart move for long-term income. Focus on quality finishes that reflect your personal style, ensuring your home stands out and offers lasting comfort.
Comps
7
Buy-Rehab-Rent
This property offers solid potential with an estimated post-renovation value between $350,000 and $387,000. While the flip outlook is limited, the BRR strategy excels here, bolstered by a steady annual rental income of $33,084. Investors can expect a respectable 9.0% yield, supported by consistent rental demand and a healthy appreciation rate of 5.7%. This asset is well-positioned for long-term cash flow, making it a reliable choice for your portfolio.
Rental Income
$33K
Yield
9.0%
Appreciation
$21K
Year 1 Estimates, Post Typical Renovation
Estimated value
$478K
$131.8K over comp median
Comparative Market Analysis
$310K – $414K
~128 days to sell
Based on 8 comps
402 Wildflower Ln, Watertown Investment Report: Flip & Rental Analysis · Frontflip