5375 Mariners Cove Drive UNIT 108MadisonWI53704
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madison at 5375 Mariners Cove Drive UNIT 108, Madison, WI, 53704 generates $2,392/mo in rent, after a $1,556/mo payment. Total monthly income is $2,392/mo. Return on cash invested sits at 15.68% in year one, and rental yield is 9.03% on a $317,900 entry. Equity gained on principal adds $2,051/yr, while 5% annual appreciation builds toward $87,830 over five years. Five-year ROI reaches 83.46% and total cumulative return in cash sums $87,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,392/mo property income rather than buyer’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$630 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53704, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,230 (100%) |
| Owner Occupied HU | 12,133 (50.1%) |
| Renter Occupied HU | 11,091 (45.8%) |
| Vacant Housing Units | 1,006 ( 4.2%) |
| Median Home Value | $353,641 |
| Average Home Value | $432,267 |
Housing Distribution
Address Breakdown
Residential
23,145
Single Family
14,950
Multi-Family
8,195
Businesses
1,332
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Bird • Century 21 Affiliated
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1995069
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.