1006 Lorraine DriveMadisonWI53705
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Madison at 1006 Lorraine Drive, Madison, WI, 53705 at $349,900 posts ROI 21.5% with $153/mo cash flow from $2,502/mo rent. Total monthly income equals $2,502/mo, and annual cash flow records $1,840/yr on $115,992 to close. Return on cash invested measures 21.5% and rental yield reads 8.58% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 112.06% and total cumulative return in cash totals $129,978.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,502/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53705, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 5,819 (43.1%) |
| Renter Occupied HU | 6,793 (50.3%) |
| Vacant Housing Units | 902 ( 6.7%) |
| Median Home Value | $492,079 |
| Average Home Value | $566,675 |
Housing Distribution
Address Breakdown
Residential
13,076
Single Family
7,461
Multi-Family
5,615
Businesses
675
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Listed by: Bart Baker • RE/MAX Preferred
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1986966
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.