1300 North Prospect AVENUE #424MilwaukeeWI53202
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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 Milwaukee at 1300 North Prospect AVENUE #424, Milwaukee, WI, 53202 generates $3,118/mo in rent, after a $2,594/mo payment. Total monthly income is $3,118/mo. Return on cash invested sits at 17.04% in year one, and rental yield is 7.06% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 88.13% and total cumulative return in cash sums $153,647. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,118/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53202, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,098 (100%) |
| Owner Occupied HU | 3,286 (15.6%) |
| Renter Occupied HU | 15,553 (73.7%) |
| Vacant Housing Units | 2,259 (10.7%) |
| Median Home Value | $408,439 |
| Average Home Value | $483,427 |
Housing Distribution
Address Breakdown
Residential
19,997
Single Family
3,477
Multi-Family
16,520
Businesses
2,237
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