387 Ridge View DRIVEMiltonWI53563
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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
Rental property for sale in Milton at 387 Ridge View DRIVE, Milton, WI, 53563 offers $2,322/mo rent that, after a $2,496/mo payment. Total monthly income is $2,322/mo. Return on cash invested measures 10.4% in year one, and rental yield stands at 5.46% at a $509,995 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,902 by year five. Five-year ROI records 53.17% and total cumulative return in cash reaches $89,210. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,322/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53563, Milton, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,788 (100%) |
| Owner Occupied HU | 3,661 (76.5%) |
| Renter Occupied HU | 918 (19.2%) |
| Vacant Housing Units | 209 ( 4.4%) |
| Median Home Value | $336,826 |
| Average Home Value | $364,367 |
Housing Distribution
Address Breakdown
Residential
4,898
Single Family
4,571
Multi-Family
327
Businesses
303
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Listed by: Jessica Launer • Keller Williams Realty-Milwaukee North Shore
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1903073
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.