2340 South 18th STREET #2MilwaukeeWI53215
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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 2340 South 18th STREET #2, Milwaukee, WI, 53215 offers a 11.23% rental yield on a $217,900 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,067/mo payment leaves $577/mo available for distribution. Annual cash flow reaches $6,926/yr on $72,234 to close, and return on cash invested stands at 29.5% in year one. Equity gained on principal adds $1,406/yr while 5% annual appreciation supports $60,202 over five years. Portfolio math shows five-year ROI at 155% and total cumulative return in cash at $111,960. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1895
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53215, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,566 (100%) |
| Owner Occupied HU | 8,393 (40.8%) |
| Renter Occupied HU | 10,783 (52.4%) |
| Vacant Housing Units | 1,390 ( 6.8%) |
| Median Home Value | $165,366 |
| Average Home Value | $233,400 |
Housing Distribution
Address Breakdown
Residential
19,069
Single Family
17,242
Multi-Family
1,827
Businesses
1,155
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Listed by: Rahena Rahman • Coldwell Banker Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915164
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.