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16
Value dips to $341K, 40 rentals steady
Updated yesterday • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential in the Madison market. Investors can expect monthly income between $1,466 and $1,867. These figures offer a solid foundation for evaluating cash flow and long-term profitability for this home. With an estimated rental yield of approximately 7.14%, this asset serves as a compelling opportunity. Combining steady monthly income with an expected annual appreciation of $4,103 makes this a highly attractive choice for your portfolio.
More about this home
Neighborhood Assessment
This charming 2-bed, 1-bath bungalow sits in Madison's desirable Eken Park neighborhood, positioned perfectly between the vibrant Eastside and the developing Northside. The area offers excellent walkability to restaurants, parks, and coffee shops with easy bus access. Nearby Emerson Elementary (rated 6) and East High School (rated 8) provide solid educational options. The property's $280K price point is notably attractive compared to similar homes in the neighborhood, which range from $361K–$433K.
Market Activity
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Rental Income
$20K
Yield
7.1%
Appreciation
$4K
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers clear rewards, boosting value by approximately 12 percent. By lifting the price per square foot from roughly 350 to 390 dollars, this improvement helps your property shine and capture buyer interest more effectively. Investing in these finishes positions your home to reach a higher sell potential of 340,000 dollars. With steady rent potential around 2,000 dollars, this upgrade is a smart way to enjoy a refreshed lifestyle while increasing equity.
Value Add
$35K
Appreciation
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an after-renovation value estimated between $307,000 and $340,000. These figures, supported by strong local renovation comps, provide a clear target for creating significant equity through strategic capital improvements. Projected monthly rental income reaches $2,038, delivering an attractive 7.6% annual yield. This combination of potential value appreciation and consistent cash flow makes the asset a reliable, performance-driven choice for a stabilized long-term rental portfolio.
Rental Income
$24K
Yield
7.6%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$280K
$61.5K below comp median
Comparative Market Analysis
$261K – $436K
Based on 8 comps
2617 Hoard Street, Madison Investment Report: Flip & Rental Analysis · Frontflip