1220 East Locust STREET #310MilwaukeeWI53212
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1220 East Locust STREET #310, Milwaukee, WI, 53212 in Milwaukee speaks for itself: 11.83% gross on a $270,000 price, generating $2,662/mo in rent and $530/mo in net income after the $1,214/mo debt service. DSCR 2.19, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,355 stacks alongside $74,596 in projected five-year appreciation and $2,487/yr in principal reduction. Projected total cumulative return: $157,721.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 7.2% |
| Monthly Cash Flow | $530 | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,662 |
| Total Monthly Debt Service | $1,705 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53212, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,216 (100%) |
| Owner Occupied HU | 3,891 (25.6%) |
| Renter Occupied HU | 9,514 (62.5%) |
| Vacant Housing Units | 1,811 (11.9%) |
| Median Home Value | $243,421 |
| Average Home Value | $280,268 |
Housing Distribution
Address Breakdown
Residential
14,242
Single Family
10,663
Multi-Family
3,579
Businesses
1,169
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 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53212, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,216 (100%) |
| Owner Occupied HU | 3,891 (25.6%) |
| Renter Occupied HU | 9,514 (62.5%) |
| Vacant Housing Units | 1,811 (11.9%) |
| Median Home Value | $243,421 |
| Average Home Value | $280,268 |
Housing Distribution
Address Breakdown
Residential
14,242
Single Family
10,663
Multi-Family
3,579
Businesses
1,169
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices