24-26 South Mills StreetMadisonWI53715
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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
Total monthly income runs $1,477/mo, and a $3,762/mo payment. Purchase price stands at $768,600, and rental yield measures 2.31% with $1,477/mo rent. Return on cash invested shows 2.59% in year one, and 5% annual appreciation builds toward $212,350 over five years. Five-year ROI reaches 10.63% and total cumulative return in cash records $26,881. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,477/mo property income covering a $3,762/mo payment rather than investor’s personal income.
Multi Family
Built in 1904
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53715, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,967 (100%) |
| Owner Occupied HU | 970 (13.9%) |
| Renter Occupied HU | 5,219 (74.9%) |
| Vacant Housing Units | 778 (11.2%) |
| Median Home Value | $505,338 |
| Average Home Value | $575,378 |
Housing Distribution
Address Breakdown
Residential
5,676
Single Family
2,298
Multi-Family
3,378
Businesses
341
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