113 North Spooner StreetMadisonWI53726
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 113 North Spooner Street, Madison, WI, 53726 in Madison. Rental yield 5.89%. At $779,900 with 5.89% gross yield, current distributions are modest, but the 5% appreciation rate projects $215,472 in new equity by year five, complemented by $7,183/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.09) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $206,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.5% |
| Monthly Cash Flow | $(1,407) | $450 |
City averages based on Madison 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 | $3,827 |
| Total Monthly Debt Service | $4,924 |
| DSCR Ratio | 0.78x |
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.
Single Family
Built in 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53726, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 860 (33.6%) |
| Renter Occupied HU | 1,611 (63.0%) |
| Vacant Housing Units | 85 ( 3.3%) |
| Median Home Value | $619,318 |
| Average Home Value | $657,355 |
Housing Distribution
Address Breakdown
Residential
2,374
Single Family
1,150
Multi-Family
1,224
Businesses
93
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
Single Family
Built in 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53726, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,556 (100%) |
| Owner Occupied HU | 860 (33.6%) |
| Renter Occupied HU | 1,611 (63.0%) |
| Vacant Housing Units | 85 ( 3.3%) |
| Median Home Value | $619,318 |
| Average Home Value | $657,355 |
Housing Distribution
Address Breakdown
Residential
2,374
Single Family
1,150
Multi-Family
1,224
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Living In Madison Real Estate Group • Keller Williams Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1995361
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.