3600 North Vel R Phillips AVENUE #3602MilwaukeeWI53212
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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 3600 North Vel R Phillips AVENUE #3602, Milwaukee, WI, 53212 uses $49,692 cash to close to unlock $3,920/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $734/mo payment keeps the spread at $327/mo. Purchase price stands at $149,900, and rental yield measures 10.67% with $1,333/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 145.88% and total cumulative return in cash records $72,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $734/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53212, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,216 (100%) |
| Owner Occupied HU | 3,891 (25.6%) |
| Renter Occupied HU | 9,514 (62.5%) |
| Vacant Housing Units | 1,811 (11.9%) |
| Median Home Value | $243,421 |
| Average Home Value | $280,268 |
Housing Distribution
Address Breakdown
Residential
14,242
Single Family
10,663
Multi-Family
3,579
Businesses
1,169
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