121 Metro Terrace UNIT 203MadisonWI53718
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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 Madison at 121 Metro Terrace UNIT 203, Madison, WI, 53718 generates $1,724/mo in rent, after a $1,052/mo payment. Total monthly income is $1,724/mo. Return on cash invested sits at 17.66% in year one, and rental yield is 9.63% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 94.02% and total cumulative return in cash sums $66,978. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,724/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$415 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53718, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,529 (100%) |
| Owner Occupied HU | 4,747 (49.8%) |
| Renter Occupied HU | 4,317 (45.3%) |
| Vacant Housing Units | 465 ( 4.9%) |
| Median Home Value | $373,243 |
| Average Home Value | $417,311 |
Housing Distribution
Address Breakdown
Residential
9,486
Single Family
5,073
Multi-Family
4,413
Businesses
735
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Listed by: Matt Winzenried Real Estate Team • Realty Executives Cooper Spransy
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1992272
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.