1013 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
Rental property for sale in Madison at 1013 Lorraine Drive, Madison, WI, 53705 priced at $240,000 converts $1,688/mo rent into after a $1,175/mo obligation. Total monthly income equals $1,688/mo. Return on cash invested prints 19.13% in year one, and rental yield reads 8.44% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 100.09% and total cumulative return in cash sums $79,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,688/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1954
6,969 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: Liz Lauer • Lauer Realty Group, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1996533
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.