309 West Washington Avenue #504MadisonWI53703
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 309 West Washington Avenue #504, Madison, WI, 53703 in Madison is narrow, $134/mo net on $2,131/mo rent after the $1,160/mo debt service, but the property operates at break-even-plus, not a loss. At $258,000 with a 9.91% yield, the long-run equity case via 5% appreciation ($71,281 over five years) and $2,376/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.84 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $124,176.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.5% |
| Monthly Cash Flow | $134 | $450 |
City averages based on Madison market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,131 |
| Total Monthly Debt Service | $1,629 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices