2820 Mickelson Parkway #304FitchburgWI53711
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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 Fitchburg at 2820 Mickelson Parkway #304, Fitchburg, WI, 53711 generates $2,104/mo in rent, after a $1,468/mo payment. Total monthly income is $2,104/mo. Return on cash invested sits at 16.48% in year one, and rental yield is 8.42% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 86.84% and total cumulative return in cash sums $86,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,104/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$375 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
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Listed by: Greta Drammeh • Accord Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1998128
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.