505 3rd Avenue #3MonroeWI53566
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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 Monroe at 505 3rd Avenue #3, Monroe, WI, 53566 generates $2,402/mo in rent and, after a $1,224/mo payment, leaves $724/mo in cash flow. Total monthly income is $2,402/mo, and annual cash flow is $8,686/yr on $82,875 invested. Return on cash invested sits at 30.39% in year one, and rental yield is 11.53% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 159.72% and total cumulative return in cash sums $132,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53566, Monroe, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,901 (100%) |
| Owner Occupied HU | 4,486 (65.0%) |
| Renter Occupied HU | 2,084 (30.2%) |
| Vacant Housing Units | 331 ( 4.8%) |
| Median Home Value | $237,660 |
| Average Home Value | $283,890 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
5,932
Multi-Family
942
Businesses
852
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