2923 West Cherry STREET #2923AMilwaukeeWI53208
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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 2923 West Cherry STREET #2923A, Milwaukee, WI, 53208 offers a 12.4% rental yield on a $129,900 purchase with $1,342/mo rent. Total monthly income registers $1,342/mo, and a $636/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,640/yr on $43,062 to close, and return on cash invested stands at 33.01% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 173.91% and total cumulative return in cash at $74,887. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,342/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53208, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,830 (100%) |
| Owner Occupied HU | 4,018 (29.1%) |
| Renter Occupied HU | 8,228 (59.5%) |
| Vacant Housing Units | 1,584 (11.5%) |
| Median Home Value | $223,469 |
| Average Home Value | $263,687 |
Housing Distribution
Address Breakdown
Residential
13,298
Single Family
9,472
Multi-Family
3,826
Businesses
828
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