249 NW 3rd AvenueMonroeWI53566
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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
Rental property for sale in Monroe at 249 NW 3rd Avenue, Monroe, WI, 53566 generates $2,887/mo in rent and, after a $1,639/mo payment, leaves $640/mo in cash flow. Total monthly income is $2,887/mo, and annual cash flow is $7,675/yr on $111,019 invested. Return on cash invested sits at 26.82% in year one, and rental yield is 10.34% on a $334,900 entry. Equity gained on principal adds $2,161/yr, while 5% annual appreciation builds toward $92,527 over five years. Five-year ROI reaches 140.61% and total cumulative return in cash sums $156,109. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,887/mo property income rather than buyer’s personal income.
Condo
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53566, Monroe, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,901 (100%) |
| Owner Occupied HU | 4,486 (65.0%) |
| Renter Occupied HU | 2,084 (30.2%) |
| Vacant Housing Units | 331 ( 4.8%) |
| Median Home Value | $237,660 |
| Average Home Value | $283,890 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
5,932
Multi-Family
942
Businesses
852
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