2245 Patrick LANEWaukeshaWI53188
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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
Rental property for sale in Waukesha at 2245 Patrick LANE, Waukesha, WI, 53188 generates $2,714/mo in rent, after a $2,031/mo payment. Total monthly income is $2,714/mo. Return on cash invested sits at 19.29% in year one, and rental yield is 7.85% on a $414,900 entry. Equity gained on principal adds $2,677/yr, while 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 100.23% and total cumulative return in cash sums $137,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,714/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53188, Waukesha, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,816 (100%) |
| Owner Occupied HU | 9,828 (62.1%) |
| Renter Occupied HU | 5,481 (34.7%) |
| Vacant Housing Units | 507 ( 3.2%) |
| Median Home Value | $368,314 |
| Average Home Value | $405,689 |
Housing Distribution
Address Breakdown
Residential
15,254
Single Family
12,287
Multi-Family
2,967
Businesses
928
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