3053 West Drexel AVENUE #103FranklinWI53132
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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 Franklin at 3053 West Drexel AVENUE #103, Franklin, WI, 53132 generates $2,202/mo in rent and, after a $1,150/mo payment, leaves $325/mo in cash flow. Total monthly income is $2,202/mo, and annual cash flow is $3,903/yr on $77,869 invested. Return on cash invested sits at 24.92% in year one, and rental yield is 11.25% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash sums $102,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,202/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53132, Franklin, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,339 (100%) |
| Owner Occupied HU | 11,000 (71.7%) |
| Renter Occupied HU | 3,682 (24.0%) |
| Vacant Housing Units | 657 ( 4.3%) |
| Median Home Value | $389,531 |
| Average Home Value | $426,848 |
Housing Distribution
Address Breakdown
Residential
14,862
Single Family
12,396
Multi-Family
2,466
Businesses
848
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