2242 North Lake DRIVEMilwaukeeWI53202
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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 Milwaukee at 2242 North Lake DRIVE, Milwaukee, WI, 53202 listed at $513,000 pairs $7,580/mo rent with a $2,511/mo payment to leave $4,137/mo cash flow. Total monthly income runs $7,580/mo, and annual cash flow reaches $49,645/yr on $168,777 cash to close. Return on cash invested measures 49.47% in year one, and rental yield registers 17.73% at a $513,000 basis. Equity gained on principal adds $3,310/yr, and annual property appreciation at 5% supports $141,732 by year five. Five-year ROI tracks 262.06% and total cumulative return in cash totals $442,305. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,580/mo property income relative to a $2,511/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53202, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,098 (100%) |
| Owner Occupied HU | 3,286 (15.6%) |
| Renter Occupied HU | 15,553 (73.7%) |
| Vacant Housing Units | 2,259 (10.7%) |
| Median Home Value | $408,439 |
| Average Home Value | $483,427 |
Housing Distribution
Address Breakdown
Residential
19,997
Single Family
3,477
Multi-Family
16,520
Businesses
2,237
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