3100 Lake Mendota Drive UNIT 202MadisonWI53705
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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 Madison at 3100 Lake Mendota Drive UNIT 202, Madison, WI, 53705 offers a 6.11% rental yield on a $475,000 purchase with $2,419/mo rent. 48% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 39.24% and total cumulative return in cash at $61,795. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,419/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
$839 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53705, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,514 (100%) |
| Owner Occupied HU | 5,819 (43.1%) |
| Renter Occupied HU | 6,793 (50.3%) |
| Vacant Housing Units | 902 ( 6.7%) |
| Median Home Value | $492,079 |
| Average Home Value | $566,675 |
Housing Distribution
Address Breakdown
Residential
13,076
Single Family
7,461
Multi-Family
5,615
Businesses
675
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Listed by: Mark Gladue • Lauer Realty Group, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1993238
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.