3609 North 24th PLACEMilwaukeeWI53206
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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 3609 North 24th PLACE, Milwaukee, WI, 53206 uses $53,040 cash to close to unlock $2,224/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,259/mo, and a $783/mo payment keeps the spread at $185/mo. Purchase price stands at $160,000, and rental yield measures 9.44% with $1,259/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 126.09% and total cumulative return in cash records $66,878. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,259/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1913
3,920 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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