2006 East Morgan AVENUEMilwaukeeWI53207
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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
Rental property for sale in Milwaukee at 2006 East Morgan AVENUE, Milwaukee, WI, 53207 priced at $275,900 converts $1,808/mo rent into after a $1,350/mo obligation. Total monthly income equals $1,808/mo. Return on cash invested prints 19.34% in year one, and rental yield reads 7.86% against a $275,900 entry. Equity gained on principal adds $1,780/yr, while 5% annual appreciation compiles into $76,226 by year five. Five-year ROI reaches 100.49% and total cumulative return in cash sums $91,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,808/mo property income covering a $1,350/mo payment, not borrower’s personal income.
Multi Family
Built in 1929
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53207, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,359 (100%) |
| Owner Occupied HU | 9,492 (54.7%) |
| Renter Occupied HU | 6,760 (38.9%) |
| Vacant Housing Units | 1,107 ( 6.4%) |
| Median Home Value | $273,369 |
| Average Home Value | $313,898 |
Housing Distribution
Address Breakdown
Residential
16,787
Single Family
14,597
Multi-Family
2,190
Businesses
1,244
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Listed by: Holly Speranza • Keller Williams-MNS Wauwatosa
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1902023
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.