108 West Wells STREET #2CMilwaukeeWI53203
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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 Milwaukee at 108 West Wells STREET #2C, Milwaukee, WI, 53203 uses $79,560 cash to close to unlock $1,356/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,724/mo, and a $1,175/mo payment keeps the spread at $113/mo. Purchase price stands at $240,000, and rental yield measures 8.62% with $1,724/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 112.64% and total cumulative return in cash records $89,618. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1897
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53203, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 141 ( 8.1%) |
| Renter Occupied HU | 1,339 (77.3%) |
| Vacant Housing Units | 252 (14.5%) |
| Median Home Value | $480,882 |
| Average Home Value | $483,599 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
291
Multi-Family
1,596
Businesses
670
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