1742 Innovation Ln · Verona, WI 53593

$419,900

4 bd · 2.5 ba · 1,586 sqft · Other · 56 Days on market

Built 2026 3,049 sqft lot $32/mo HOA · 1% of rent

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +6.8/30.0
• Livability +4.5/5.0
• Schools +3.8/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready 6/25/26. The Pilot Home (82 Ardent Glen) features a thoughtfully designed, open-concept layout ideal for modern living. Offering 4 bedrooms, 2.5 baths, and a 2-car garage, this home showcases locally made, custom Auburn Ridge cabinetry, doors, and trim crafted to last. The stylish kitchen includes a center island, quartz countertops, and quality finishes from trusted brands like Kohler, Moen, and Shaw. Durable luxury vinyl plank flooring enhances main living areas, while painted solid-core doors provide superior sound control. Designer lighting curated from Kichler and Visual Comfort & Co. adds a polished touch. Smart Home+ technology with integrated lighting control bri

Key facts

• Quartz countertops
• Center island
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• CUSTOM AUBURN RIDGE CABINETRY
• CENTER ISLAND
• QUARTZ COUNTERTOPS
• LUXURY VINYL PLANK FLOORING
• PAINTED SOLID-CORE DOORS

Property features AI

Finance

• Other: Estimated finished above-grade area in the 1501–1750 sq ft range; Lot approximately 0.07 acre
• HOA & community: Annual HOA fee approximately $383

Exterior

• Parking: Attached 2-car garage with opener
• Utilities: Municipal water; Municipal sewer
• Home design: Two-story single-family home; Shared wall/adjoining; Under construction; Located in ARDENT GLEN subdivision
• Construction: New construction; Built by builder (year by builder); Green Built Home certification with energy assessment available; Low-energy windows and low-VOC materials
• Exterior features: Vinyl exterior; Sidewalks

Interior

• Kitchen: Kitchen on main level about 14 x 12; Breakfast bar and kitchen island; Range/oven, refrigerator, dishwasher, microwave, garbage disposal
• Bedrooms: Primary bedroom (upper) about 13 x 12; Bedroom 2 (upper) about 10 x 9; Bedroom 3 (upper) about 10 x 10; Bedroom 4 (upper) about 10 x 10
• Bathrooms: Two full bathrooms, including a primary bedroom with full bath and walk-in shower; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Air cleaner
• Interior features: Walk-in closets; Great room; Water softener; Cable/satellite available; Full basement with sump pump, poured concrete foundation, and radon mitigation; Stubbed for bathroom on lower level
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $420k.

Deal economics

• At list price, monthly cash flow is $-656 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $325k (22.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $288k (31.3% below list).
• Recommended offer: $288k (31.3% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 2.8% in Verona — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 91/100 on livability (#3 in WI, #41 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: cost of living C-, amenities D.
• Verona Area School District (suburban): math 39% / reading 42% proficiency, ranked #113 of 342 in WI (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Country View Elementary (math 42% / reading 42%, grade F, #433 of 1,041 statewide, top 46%, 396 students, 28% FRL); Verona Area High (math 31% / reading 38%, grade F, #144 of 483 statewide, top 36%, 1,802 students, 29% FRL) — zoned schools at 28% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 291 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 5,519 units permitted in Dane County in 2024 (3,978 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Dane County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($407k) is reasonable based on typical stale-listing flexibility.

Recommended offer $288,330 (31.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.69% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.70%
• DSCR: 0.70
• GRM: 12.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.23% rent growth · sell at horizon

5-year hold

• IRR: -28.7%
• Equity multiple: 0.05×
• Total profit: $-111,978
• Equity at exit: $62,608

10-year hold

• IRR: -31.7%
• Equity multiple: -0.36×
• Total profit: $-160,011
• Equity at exit: $36,305

Cash invested: $117,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53593

• Rents YoY: 2.2%
• Active inventory: 291
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,883 medium
• Mortgage (P&I): −$2,202
• Tax est. 1.5%: −$525 /mo · $6,298/yr
• Insurance: −$175
• HOA: −$32
• Vacancy / Maint / Mgmt: −$605
• Net cashflow: $-656

Break-even live

Break-even rent $3,714

Max offer price $324,972

Occupancy floor —

Sensitivity live

Price	-10% $-366	-5% $-511	+0% $-656	+5% $-801	+10% $-946
Rent	-10% $-884	-5% $-770	+0% $-656	+5% $-542	+10% $-428
Rate	-1.0pp $-445	-0.5pp $-549	base $-656	+0.5pp $-765	+1.0pp $-876

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $104,975
• Closing costs: $12,597
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
671 Hunters Ct Verona, WI	3.0	1.0–2.5	1193	$3,295	$2.76	15d	38	1.38mi

HOA detail

• Monthly dues: $32 · $384/yr

Listing history 15 events

1. 2026-06-18
   days on market $419,900 Active 56 DOM
2. 2026-06-17
   days on market $419,900 Active 55 DOM
3. 2026-06-16
   days on market $419,900 Active 54 DOM
4. 2026-06-15
   days on market $419,900 Active 53 DOM
5. 2026-06-14
   days on market $419,900 Active 51 DOM
6. 2026-06-10
   days on market $419,900 Active 48 DOM
7. 2026-06-09
   days on market $419,900 Active 47 DOM
8. 2026-06-08
   days on market $419,900 Active 46 DOM
9. 2026-06-07
   days on market $419,900 Active 45 DOM
10. 2026-06-03
    days on market $419,900 Active 41 DOM
11. 2026-06-02
    days on market $419,900 Active 40 DOM
12. 2026-06-01
    days on market $419,900 Active 39 DOM
13. 2026-05-31
    days on market $419,900 Active 38 DOM
14. 2026-05-31
    days on market $419,900 Active 37 DOM
15. 2026-04-23
    listed $419,900 Active 776-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $34,600
• − Mortgage interest: −$23,521
• − Property taxes: −$6,298
• − Insurance: −$2,100
• − Repairs & maintenance: −$2,768
• − Management: −$2,768
• − HOA: −$384
• − Depreciation: −$12,215
• Taxable loss: −$15,455
• Est. tax savings @ 24.0%: +$3,709
• After-tax cash flow: $-4,163/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Verona Area School District
• NCES district ID: 5515330
• Math proficiency: 39% ▼ -2.00%
• Reading proficiency: 42% ▼ -2.00%
• Median HH income: $79,387
• Composite: 37.71/100
• National rank: #4358
• State rank: #113 of 342 in WI

Livability — Verona

• Score: 91/100
• State rank: #3
• US rank: #41

Category grades

Amenities D Commute A+ Cost of living C- Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Verona, WI
• County: Dane County · 506,461 people
• City population: 31,081
• Metro: Madison, WI
• Population (ZIP): 31,081
• Household income: $135,023
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 494.0

Population outlook (Dane County) Hauer SSP2

• Today (2025): 610,707 people
• By 2030: 654,875 · +7.2%
• By 2040: 740,480 · +21.2%
• By 2050: 826,188 · +35.3%
• By 2075: 1,040,574 · +70.4%
• By 2100: 1,168,084 · +91.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Asian 6% Two or more races 5% Hispanic / Latino 4% Black 2%
• Common ancestry: Portuguese 10% Romanian 6% Lithuanian 4%
• Foreign-born: 7% · Canada, China, South Korea
• Languages at home: 91% English-only · Other Indo-European 2% Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Dane

• 2024 margin: Solid D (+51.7) · D 75.1% · R 23.4% · Other 1.5%
• 2008→2024 swing: +4.7pp toward D · 2008: 47.0pp · 2024: 51.7pp
• All cycles: 2024: D+51.7 2020: D+52.6 2016: D+48.0 2012: D+43.6 2008: D+47.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -348.77%
• Current HPI: 267.9353
• Rent YoY: ▲ 2.23%
• Metro: Madison, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

1 event — show timeline

• 2026-04-23 Listed $419,900 SCWMLS