413 North 2nd STREET UNIT 540MilwaukeeWI53203
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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 413 North 2nd STREET UNIT 540, Milwaukee, WI, 53203 offers a 9.37% rental yield on a $449,900 purchase with $3,512/mo rent. Total monthly income registers $3,512/mo, and a $2,202/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,436/yr on $149,142 to close, and return on cash invested stands at 20.87% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 109.78% and total cumulative return in cash at $163,726. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,512/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1894
N/A lot
$N/A/sqft
$373 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53203, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 141 ( 8.1%) |
| Renter Occupied HU | 1,339 (77.3%) |
| Vacant Housing Units | 252 (14.5%) |
| Median Home Value | $480,882 |
| Average Home Value | $483,599 |
Housing Distribution
Address Breakdown
Residential
1,887
Single Family
291
Multi-Family
1,596
Businesses
670
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Listed by: Mary Jane Deeken • Keller Williams-MNS Wauwatosa
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1912018
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.