2863 North Richards STREET UNIT 2857MilwaukeeWI53212
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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
Investment property for sale in Milwaukee at 2863 North Richards STREET UNIT 2857, Milwaukee, WI, 53212 uses $56,355 cash to close to unlock $3,230/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,410/mo, and a $832/mo payment keeps the spread at $269/mo. Purchase price stands at $170,000, and rental yield measures 9.95% with $1,410/mo rent. Return on cash invested shows 25.64% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 134.31% and total cumulative return in cash records $75,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,410/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53212, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,216 (100%) |
| Owner Occupied HU | 3,891 (25.6%) |
| Renter Occupied HU | 9,514 (62.5%) |
| Vacant Housing Units | 1,811 (11.9%) |
| Median Home Value | $243,421 |
| Average Home Value | $280,268 |
Housing Distribution
Address Breakdown
Residential
14,242
Single Family
10,663
Multi-Family
3,579
Businesses
1,169
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Listed by: Justin Ippoliti • Shorewest Realtors - South Metro
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1902442
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.