2404 North 56th STREET #2406MilwaukeeWI53210
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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 2404 North 56th STREET #2406, Milwaukee, WI, 53210 listed at $224,900 pairs $2,176/mo rent with a $1,101/mo payment to leave $666/mo cash flow. Total monthly income runs $2,176/mo, and annual cash flow reaches $7,997/yr on $74,554 cash to close. Return on cash invested measures 30.64% in year one, and rental yield registers 11.61% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 161.09% and total cumulative return in cash totals $120,097. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,176/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1927
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53210, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,664 (100%) |
| Owner Occupied HU | 3,858 (36.2%) |
| Renter Occupied HU | 5,773 (54.1%) |
| Vacant Housing Units | 1,033 ( 9.7%) |
| Median Home Value | $186,863 |
| Average Home Value | $222,643 |
Housing Distribution
Address Breakdown
Residential
10,373
Single Family
9,290
Multi-Family
1,083
Businesses
665
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