17 Springfield CourtMadisonWI53719
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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 Madison at 17 Springfield Court, Madison, WI, 53719 offers $2,660/mo rent that, after a $1,554/mo payment, leaves $529/mo cash flow. Total monthly income is $2,660/mo, and annual cash flow is $6,351/yr on $105,251 cash. Return on cash invested measures 25.94% in year one, and rental yield stands at 10.05% at a $317,500 entry. Equity gained on principal adds $2,049/yr while 5% annual appreciation compounds into $87,719 by year five. Five-year ROI records 135.9% and total cumulative return in cash reaches $143,038. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,660/mo property income versus a $1,554/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53719, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,308 (100%) |
| Owner Occupied HU | 7,434 (45.6%) |
| Renter Occupied HU | 8,437 (51.7%) |
| Vacant Housing Units | 437 ( 2.7%) |
| Median Home Value | $386,426 |
| Average Home Value | $429,640 |
Housing Distribution
Address Breakdown
Residential
15,534
Single Family
8,548
Multi-Family
6,986
Businesses
1,293
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