221 North Chicago AVENUE #3South MilwaukeeWI53172
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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 South Milwaukee at 221 North Chicago AVENUE #3, South Milwaukee, WI, 53172 listed at $229,900 pairs $1,729/mo rent with a $1,125/mo payment to leave $186/mo cash flow. Total monthly income runs $1,729/mo, and annual cash flow reaches $2,236/yr on $76,212 cash to close. Return on cash invested measures 22.84% in year one, and rental yield registers 9.02% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 119.3% and total cumulative return in cash totals $90,923. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,729/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53172, South Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,452 (100%) |
| Owner Occupied HU | 5,294 (56.0%) |
| Renter Occupied HU | 3,605 (38.1%) |
| Vacant Housing Units | 553 ( 5.9%) |
| Median Home Value | $256,543 |
| Average Home Value | $293,801 |
Housing Distribution
Address Breakdown
Residential
9,048
Single Family
7,499
Multi-Family
1,549
Businesses
361
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Listed by: Margaret McKenzie Palen • Realty One Group Luminous
Mls Name: WIREX MLS
Mls ID: #1944747