309 Cheviot Chase #3WaukeshaWI53186
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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 Waukesha at 309 Cheviot Chase #3, Waukesha, WI, 53186 priced at $132,900 converts $1,062/mo rent into after a $650/mo obligation. Total monthly income equals $1,062/mo. Return on cash invested prints 16.25% in year one, and rental yield reads 9.59% against a $132,900 entry. Equity gained on principal adds $858/yr, while 5% annual appreciation compiles into $36,718 by year five. Five-year ROI reaches 86.95% and total cumulative return in cash sums $38,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,062/mo property income covering a $650/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53186, Waukesha, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,582 (100%) |
| Owner Occupied HU | 8,368 (53.7%) |
| Renter Occupied HU | 6,590 (42.3%) |
| Vacant Housing Units | 624 ( 4.0%) |
| Median Home Value | $336,012 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
14,625
Single Family
10,513
Multi-Family
4,112
Businesses
1,483
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Listed by: Mikel Kollmansberger • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914710
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.