24 Sherman Terrace #6MadisonWI53704
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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 24 Sherman Terrace #6, Madison, WI, 53704 with 5% annual appreciation on a $145,000 basis while $1,880/mo rent supports operations. Total monthly income totals $1,880/mo and a $710/mo payment preserves $562/mo for cash returns. Annual cash flow comes to $6,750/yr on $48,068 deployed, and return on cash invested reaches 33.95% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 15.56%. Five-year ROI measures 181.99% and total cumulative return in cash totals $87,476.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,880/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1949
N/A lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53704, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,230 (100%) |
| Owner Occupied HU | 12,133 (50.1%) |
| Renter Occupied HU | 11,091 (45.8%) |
| Vacant Housing Units | 1,006 ( 4.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $432,267 |
Housing Distribution
Address Breakdown
Residential
23,145
Single Family
14,950
Multi-Family
8,195
Businesses
1,332
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