1192 Pilgrim PARKWAYElm GroveWI53122
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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
Rental property for sale in Elm Grove at 1192 Pilgrim PARKWAY, Elm Grove, WI, 53122 offers $2,731/mo rent that, after a $1,395/mo payment, leaves $328/mo cash flow. Total monthly income is $2,731/mo, and annual cash flow is $3,939/yr on $94,478 cash. Return on cash invested measures 24.08% in year one, and rental yield stands at 11.5% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 128.19% and total cumulative return in cash reaches $121,110. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,731/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$490 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53122, Elm Grove, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,711 (100%) |
| Owner Occupied HU | 2,375 (87.6%) |
| Renter Occupied HU | 196 ( 7.2%) |
| Vacant Housing Units | 140 ( 5.2%) |
| Median Home Value | $571,627 |
| Average Home Value | $594,482 |
Housing Distribution
Address Breakdown
Residential
2,601
Single Family
2,280
Multi-Family
321
Businesses
440
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Listed by: Mary Tesch • Lannon Stone Realty LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915888
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.