24 Sherman Terrace #6MadisonWI53704
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 24 Sherman Terrace #6, Madison, WI, 53704 in Madison speaks for itself: 15.56% gross on a $145,000 price, generating $1,880/mo in rent and $563/mo in net income after the $652/mo debt service. DSCR 2.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,758 stacks alongside $40,061 in projected five-year appreciation and $1,335/yr in principal reduction. Projected total cumulative return: $93,046.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.6% | 5.5% |
| Monthly Cash Flow | $563 | $450 |
City averages based on Madison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,880 |
| Total Monthly Debt Service | $1,260 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
