1591 South Carriage LANE #12New BerlinWI53151
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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 New Berlin at 1591 South Carriage LANE #12, New Berlin, WI, 53151 uses $62,952 cash to close to unlock $2,652/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $1,495/mo, and a $929/mo payment keeps the spread at $221/mo. Purchase price stands at $189,900, and rental yield measures 9.45% with $1,495/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.2% and total cumulative return in cash records $79,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,495/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53151, New Berlin, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,509 (100%) |
| Owner Occupied HU | 10,321 (71.1%) |
| Renter Occupied HU | 3,779 (26.0%) |
| Vacant Housing Units | 409 ( 2.8%) |
| Median Home Value | $398,701 |
| Average Home Value | $430,107 |
Housing Distribution
Address Breakdown
Residential
14,423
Single Family
12,526
Multi-Family
1,897
Businesses
1,291
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Listed by: Kelly Dirk • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls ID: #1935581