3161 North 24th STREETMilwaukeeWI53206
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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 Milwaukee at 3161 North 24th STREET, Milwaukee, WI, 53206 uses $72,897 cash to close to unlock $3,294/yr annual cash flow and $275/mo monthly cash flow. Total monthly income runs $1,750/mo, and a $1,076/mo payment keeps the spread at $275/mo. Purchase price stands at $219,900, and rental yield measures 9.55% with $1,750/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 127.78% and total cumulative return in cash records $93,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,750/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1923
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53206, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,353 (100%) |
| Owner Occupied HU | 2,731 (26.4%) |
| Renter Occupied HU | 5,831 (56.3%) |
| Vacant Housing Units | 1,791 (17.3%) |
| Median Home Value | $62,979 |
| Average Home Value | $124,190 |
Housing Distribution
Address Breakdown
Residential
9,244
Single Family
8,642
Multi-Family
602
Businesses
440
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