6 Heritage Circle UNIT 2MadisonWI53711
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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 Madison at 6 Heritage Circle UNIT 2, Madison, WI, 53711 offers $1,950/mo rent that, after a $1,023/mo payment, leaves $177/mo cash flow. Total monthly income is $1,950/mo, and annual cash flow is $2,128/yr on $69,284 cash. Return on cash invested measures 22.98% in year one, and rental yield stands at 11.2% at a $209,000 entry. Equity gained on principal adds $1,349/yr while 5% annual appreciation compounds into $57,743 by year five. Five-year ROI records 122.37% and total cumulative return in cash reaches $84,782. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,950/mo property income versus a $1,023/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1971
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53711, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,716 (100%) |
| Owner Occupied HU | 13,834 (58.3%) |
| Renter Occupied HU | 8,971 (37.8%) |
| Vacant Housing Units | 911 ( 3.8%) |
| Median Home Value | $461,189 |
| Average Home Value | $519,271 |
Housing Distribution
Address Breakdown
Residential
23,407
Single Family
15,722
Multi-Family
7,685
Businesses
774
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Listed by: Douglas Nofsinger • T R McKenzie Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1995733
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.