219 NW 3rd AvenueMonroeWI53566
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
Investment Highlights
Rental property for sale in Monroe at 219 NW 3rd Avenue, Monroe, WI, 53566 priced at $384,900 converts $2,040/mo rent into after a $1,884/mo obligation. Total monthly income equals $2,040/mo. Return on cash invested prints 14.8% in year one, and rental yield reads 6.36% against a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,341 by year five. Five-year ROI reaches 76.12% and total cumulative return in cash sums $97,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Condo
Built in 2024
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53566, Monroe, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,901 (100%) |
| Owner Occupied HU | 4,486 (65.0%) |
| Renter Occupied HU | 2,084 (30.2%) |
| Vacant Housing Units | 331 ( 4.8%) |
| Median Home Value | $237,660 |
| Average Home Value | $283,890 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
5,932
Multi-Family
942
Businesses
852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Stamm • First Weber Hedeman Group
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1998966
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.