1116 East Mifflin StreetMadisonWI53703
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
Investment Highlights
Rental property for sale in Madison at 1116 East Mifflin Street, Madison, WI, 53703 offers $1,909/mo rent that, after a $6,608/mo payment. Total monthly income is $1,909/mo. Return on cash invested measures 0.75% in year one, and rental yield stands at 1.7% at a $1,350,000 entry. Equity gained on principal adds $8,711/yr while 5% annual appreciation compounds into $372,980 by year five. Five-year ROI records 0.71% and total cumulative return in cash reaches $3,101. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,909/mo property income versus a $6,608/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1964
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53703, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,266 (100%) |
| Owner Occupied HU | 2,504 (11.2%) |
| Renter Occupied HU | 18,420 (82.7%) |
| Vacant Housing Units | 1,342 ( 6.0%) |
| Median Home Value | $559,727 |
| Average Home Value | $640,792 |
Housing Distribution
Address Breakdown
Residential
19,094
Single Family
4,194
Multi-Family
14,900
Businesses
1,438
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