1511 West Edgerton AVENUE UNIT BMilwaukeeWI53221
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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
Investment property for sale in Milwaukee at 1511 West Edgerton AVENUE UNIT B, Milwaukee, WI, 53221 offers a 13.03% rental yield on a $185,500 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $908/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,316/yr on $61,493 to close, and return on cash invested stands at 28.55% in year one. Equity gained on principal adds $1,197/yr while 5% annual appreciation supports $51,250 over five years. Portfolio math shows five-year ROI at 152.26% and total cumulative return in cash at $93,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$326 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53221, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,412 (100%) |
| Owner Occupied HU | 9,532 (58.1%) |
| Renter Occupied HU | 6,038 (36.8%) |
| Vacant Housing Units | 842 ( 5.1%) |
| Median Home Value | $260,377 |
| Average Home Value | $296,436 |
Housing Distribution
Address Breakdown
Residential
16,135
Single Family
11,778
Multi-Family
4,357
Businesses
761
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Listed by: Diane Zollitsch • RE/MAX Lakeside-Central
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1895080
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.