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Values up 1.1%, Rent hits $2,421
Updated 10 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The rental outlook for 205 Tompkins Drive is promising, with potential monthly income ranging between $2,315 and $2,498. This estimate reflects strong local demand, positioning the property as a reliable choice for consistent monthly cash flow. With an impressive estimated rental yield of 9.16%, this investment offers significant income potential for savvy landlords. Given current market trends, this property is well-positioned to serve as a high-performing asset in your portfolio.
More about this home
Neighborhood Assessment
205 Tompkins Dr sits in Madison's Glendale neighborhood, a solid spot with decent walkability near everyday spots. You've got Sennett Middle (5/10) and Lafollette High (6/10) just 0.4 miles away, plus Glendale Elementary (2/10) at 0.6 miles. Nearby comps like 5601 Alder Rd at ~$368K match this 3-bed/1-bath, 1,092 sqft ranch's $315K Zestimate. Rental demand shows from adjacent apartments—steady but not explosive. Actually, the area's holding value well; tax-assessed at $276K with ~$5.4K taxes. Low risks for flood/fire make it appealing. It's got that classic 1956 charm on a generous 9.7K sqft lot, you know, perfect for families who don't mind a quick school run.
Market Activity
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Rental Income
$29K
Yield
9.2%
Appreciation
$10K
Year 1 Estimates
Fix-and-Flip
Updating your home brings a fresh, modern feel that helps it shine. You can expect a price per square foot jump from $312 to $326, a 4% increase that highlights the value of these stylish improvements. This project boosts your property's appeal and long-term potential, making it more attractive for future buyers or tenants. Investing in these finishes transforms your space, unlocking a more vibrant lifestyle and solid market position.
Value Add
$14K
Appreciation
$12K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $343,000 and $380,000. These figures suggest a healthy market position, provided renovation costs are managed effectively to secure significant equity for the investor. Projected monthly rental income of $2,385 delivers a stable 7.9% yield. This performance offers a reliable cash flow baseline, making the property an attractive, practical choice for long-term investors seeking steady returns in this zip code.
Rental Income
$29K
Yield
7.9%
Appreciation
$12K
Year 1 Estimates, Post Typical Renovation
Estimated value
$315K
$41.1K below comp median
Comparative Market Analysis
$350K – $402K
Based on 8 comps
205 Tompkins Dr, Madison Investment Report: Flip & Rental Analysis · Frontflip