1026 North 23rd STREET #1028MilwaukeeWI53233
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.44% gross rental yield, 1026 North 23rd STREET #1028, Milwaukee, WI, 53233 in Milwaukee is priced for capital growth, not immediate cash flow. The $325,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $89,792 by year five, with $2,993/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.82) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $60,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 7.2% |
| Monthly Cash Flow | $(980) | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,201 |
| Total Monthly Debt Service | $2,052 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1910
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53233, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,525 (100%) |
| Owner Occupied HU | 233 ( 3.6%) |
| Renter Occupied HU | 5,614 (86.0%) |
| Vacant Housing Units | 678 (10.4%) |
| Median Home Value | $202,000 |
| Average Home Value | $312,640 |
Housing Distribution
Address Breakdown
Residential
6,502
Single Family
1,133
Multi-Family
5,369
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1910
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53233, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,525 (100%) |
| Owner Occupied HU | 233 ( 3.6%) |
| Renter Occupied HU | 5,614 (86.0%) |
| Vacant Housing Units | 678 (10.4%) |
| Median Home Value | $202,000 |
| Average Home Value | $312,640 |
Housing Distribution
Address Breakdown
Residential
6,502
Single Family
1,133
Multi-Family
5,369
Businesses
452
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Greer • EXP Realty, LLC MKE
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915124
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.