2818 No Oaks RidgeFitchburgWI53711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fitchburg at 2818 No Oaks Ridge, Fitchburg, WI, 53711 priced at $385,500 converts $2,762/mo rent into after a $1,887/mo obligation. Total monthly income equals $2,762/mo. Return on cash invested prints 17.32% in year one, and rental yield reads 8.6% against a $385,500 entry. Equity gained on principal adds $2,488/yr, while 5% annual appreciation compiles into $106,507 by year five. Five-year ROI reaches 91.2% and total cumulative return in cash sums $116,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,762/mo property income covering a $1,887/mo payment, not borrower’s personal income.
Condo
Built in 2014
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53711, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,716 (100%) |
| Owner Occupied HU | 13,834 (58.3%) |
| Renter Occupied HU | 8,971 (37.8%) |
| Vacant Housing Units | 911 ( 3.8%) |
| Median Home Value | $461,189 |
| Average Home Value | $519,271 |
Housing Distribution
Address Breakdown
Residential
23,407
Single Family
15,722
Multi-Family
7,685
Businesses
774
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
