2212 Pike Drive #1BMadisonWI53713
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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 2212 Pike Drive #1B, Madison, WI, 53713 uses $84,533 cash to close to unlock $1,053/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $1,248/mo payment keeps the spread at $88/mo. Purchase price stands at $255,000, and rental yield measures 9.74% with $2,069/mo rent. Return on cash invested shows 21.15% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 111.59% and total cumulative return in cash records $94,328. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$270 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53713, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,678 (100%) |
| Owner Occupied HU | 3,069 (26.3%) |
| Renter Occupied HU | 8,032 (68.8%) |
| Vacant Housing Units | 577 ( 4.9%) |
| Median Home Value | $293,616 |
| Average Home Value | $368,260 |
Housing Distribution
Address Breakdown
Residential
10,809
Single Family
4,946
Multi-Family
5,863
Businesses
1,050
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