2018 East Mifflin StreetMadisonWI53704
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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 Madison at 2018 East Mifflin Street, Madison, WI, 53704 uses $107,738 cash to close to unlock $2,603/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $2,436/mo, and a $1,591/mo payment keeps the spread at $217/mo. Purchase price stands at $325,000, and rental yield measures 8.99% with $2,436/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 116.63% and total cumulative return in cash records $125,653. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,436/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1927
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53704, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,230 (100%) |
| Owner Occupied HU | 12,133 (50.1%) |
| Renter Occupied HU | 11,091 (45.8%) |
| Vacant Housing Units | 1,006 ( 4.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $432,267 |
Housing Distribution
Address Breakdown
Residential
23,145
Single Family
14,950
Multi-Family
8,195
Businesses
1,332
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Listed by: Kristine Jaeger • Sprinkman Real Estate
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1994506
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.