418 North 3rd STREET UNIT 240MilwaukeeWI53203
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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 Milwaukee at 418 North 3rd STREET UNIT 240, Milwaukee, WI, 53203 generates $4,774/mo in rent and, after a $2,447/mo payment, leaves $1,001/mo in cash flow. Total monthly income is $4,774/mo, and annual cash flow is $12,010/yr on $165,717 invested. Return on cash invested sits at 27.16% in year one, and rental yield is 11.46% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 143.48% and total cumulative return in cash sums $237,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,774/mo property income rather than buyer’s personal income.
Condo
Built in 1894
N/A lot
$N/A/sqft
$418 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: Pamela Garski • Lannon Stone Realty LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1911323
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.