28 Sherman Terrace #4MadisonWI53704
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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 Madison at 28 Sherman Terrace #4, Madison, WI, 53704 priced at $199,900 converts $1,882/mo rent into $541/mo cash flow after a $978/mo obligation. Total monthly income equals $1,882/mo, and annual cash flow totals $6,490/yr on $66,267 invested. Return on cash invested prints 29.7% in year one, and rental yield reads 11.3% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 156.06% and total cumulative return in cash sums $103,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,882/mo property income covering a $978/mo payment, not borrower’s personal income.
Condo
Built in 1949
N/A lot
$N/A/sqft
No 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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