1141 North Martin L King Jr DRIVE #2807MilwaukeeWI53203
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 1141 North Martin L King Jr DRIVE #2807, Milwaukee, WI, 53203 in Milwaukee offers a clean, manageable entry. Rental yield 6.55%. DSCR 1.21 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $102,197 in additional property value over five years, with $3,407/yr in principal equity building ownership stake. Total projected cumulative return: $111,422.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.2% |
| Monthly Cash Flow | $(892) | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,020 |
| Total Monthly Debt Service | $2,335 |
| DSCR Ratio | 0.86x |
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.
Condo
Built in 2012
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
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
Condo
Built in 2012
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices