3020 South 61st STREETMilwaukeeWI53219
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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 3020 South 61st STREET, Milwaukee, WI, 53219 earns from $1,384/mo rent with a $1,370/mo payment. Total monthly income totals $1,384/mo. ROI tracks 13.51% on current figures, and rental yield reads 5.93% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 69.24% and total cumulative return in cash sums $64,249. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,384/mo property income instead of your personal income.
Multi Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53219, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,949 (100%) |
| Owner Occupied HU | 9,424 (59.1%) |
| Renter Occupied HU | 5,795 (36.3%) |
| Vacant Housing Units | 730 ( 4.6%) |
| Median Home Value | $221,317 |
| Average Home Value | $267,417 |
Housing Distribution
Address Breakdown
Residential
15,485
Single Family
12,753
Multi-Family
2,732
Businesses
627
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Listed by: Jeffrey Showalter • Homestead Realty, Inc
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1896284
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.