2964 North Richards STREET UNIT AMilwaukeeWI53212
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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 2964 North Richards STREET UNIT A, Milwaukee, WI, 53212 priced at $250,000 pairs $1,424/mo rent with after a $1,224/mo payment. Total monthly income equals $1,424/mo. Return on cash invested is 16.23% in year one, and rental yield stands at 6.84% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 83.79% and total cumulative return in cash reaches $69,442. For financing, Ziffy Mortgage’s DSCR program evaluates $1,424/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1898
3,484 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: Maysheng Hay • Coldwell Banker HomeSale Realty - New Berlin
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913819
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.