24 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
Investment property for sale in Madison at 24 South Mills Street, Madison, WI, 53715 earns from $2,860/mo rent with a $3,762/mo payment. Total monthly income totals $2,860/mo. ROI tracks 9.15% on current figures, and rental yield reads 4.47% at a $768,600 purchase. Equity gained on principal adds $4,960/yr, and 5% annual appreciation supports $212,350 over five years. Five-year ROI reaches 45.82% and total cumulative return in cash sums $115,873. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,860/mo property income instead of your 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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