1409 N Prospect AveMilwaukeeWI53202
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
Investment Highlights
Rental property for sale in Milwaukee at 1409 N Prospect Ave, Milwaukee, WI, 53202 priced at $115,000 converts $899/mo rent into $127/mo cash flow after a $563/mo obligation. Total monthly income equals $899/mo, and annual cash flow totals $1,525/yr on $38,123 invested. Return on cash invested prints 23.91% in year one, and rental yield reads 9.38% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 125.12% and total cumulative return in cash sums $47,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $899/mo property income covering a $563/mo payment, not borrower’s personal income.
Condo
Built in 1963
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices