1610 North Prospect AVENUE #504MilwaukeeWI53202
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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 1610 North Prospect AVENUE #504, Milwaukee, WI, 53202 offers a 9.32% rental yield on a $189,000 purchase with $1,468/mo rent. Total monthly income registers $1,468/mo, and a $925/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,396/yr on $62,654 to close, and return on cash invested stands at 23.73% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 124.07% and total cumulative return in cash at $77,734. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,468/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
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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