1660 North Prospect AVENUE #1502MilwaukeeWI53202
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 1660 North Prospect AVENUE #1502, Milwaukee, WI, 53202 in Milwaukee. Rental yield 7.76%. The 1.44 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $124,299 and $4,144/yr in principal reduction project total return of $125,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.2% |
| Monthly Cash Flow | $(760) | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,909 |
| Total Monthly Debt Service | $3,489 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
N/A lot
$N/A/sqft
$649 monthly 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
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
Condo
Built in 1990
N/A lot
$N/A/sqft
$649 monthly 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
Listed by: The Birkle Group* • Realty Executives Integrity Brookfield
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913968
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.