2424 Independence Lane UNIT 2MadisonWI53704
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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 $1,130/mo, and a $707/mo payment. Purchase price stands at $144,500, and rental yield measures 9.38% with $1,130/mo rent. Return on cash invested shows 18.14% in year one, and 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 96.21% and total cumulative return in cash records $46,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,130/mo property income covering a $707/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$231 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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Listed by: Randal Tews • Restaino & Associates
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1990958
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