2923 North 24th STREETMilwaukeeWI53206
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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 Milwaukee at 2923 North 24th STREET, Milwaukee, WI, 53206 generates $1,972/mo in rent and, after a $612/mo payment, leaves $1,133/mo in cash flow. Total monthly income is $1,972/mo, and annual cash flow is $13,595/yr on $41,438 invested. Return on cash invested sits at 52.72% in year one, and rental yield is 18.93% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 279.44% and total cumulative return in cash sums $115,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,972/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53206, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,353 (100%) |
| Owner Occupied HU | 2,731 (26.4%) |
| Renter Occupied HU | 5,831 (56.3%) |
| Vacant Housing Units | 1,791 (17.3%) |
| Median Home Value | $62,979 |
| Average Home Value | $124,190 |
Housing Distribution
Address Breakdown
Residential
9,244
Single Family
8,642
Multi-Family
602
Businesses
440
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