309 W Washington AveMadisonWI53703
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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 Madison at 309 W Washington Ave, Madison, WI, 53703 priced at $279,900 pairs $3,065/mo rent with $1,187/mo cash flow after a $1,370/mo payment. Total monthly income equals $3,065/mo, and annual cash flow comes to $14,238/yr on $92,787 invested. Return on cash invested is 35.25% in year one, and rental yield stands at 13.14% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 185.82% and total cumulative return in cash reaches $172,417. For financing, Ziffy Mortgage’s DSCR program evaluates $3,065/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53703, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,266 (100%) |
| Owner Occupied HU | 2,504 (11.2%) |
| Renter Occupied HU | 18,420 (82.7%) |
| Vacant Housing Units | 1,342 ( 6.0%) |
| Median Home Value | $559,727 |
| Average Home Value | $640,792 |
Housing Distribution
Address Breakdown
Residential
19,094
Single Family
4,194
Multi-Family
14,900
Businesses
1,438
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