508 East Memorial DriveJanesvilleWI53545
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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 Janesville at 508 East Memorial Drive, Janesville, WI, 53545 offers a 9.47% rental yield on a $105,900 purchase with $836/mo rent. Total monthly income registers $836/mo, and a $518/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,507/yr on $35,106 to close, and return on cash invested stands at 24.2% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 126.6% and total cumulative return in cash at $44,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $836/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53545, Janesville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,704 (100%) |
| Owner Occupied HU | 6,471 (60.5%) |
| Renter Occupied HU | 3,719 (34.7%) |
| Vacant Housing Units | 514 ( 4.8%) |
| Median Home Value | $244,746 |
| Average Home Value | $277,335 |
Housing Distribution
Address Breakdown
Residential
10,724
Single Family
9,079
Multi-Family
1,645
Businesses
880
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Listed by: Chris Campbell • Briggs Realty Group, Inc
Mls Name: WIREX MLS
Mls ID: #2012014