6116 West Spokane STREETMilwaukeeWI53223
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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 Milwaukee at 6116 West Spokane STREET, Milwaukee, WI, 53223 earns $568/mo cash flow from $1,883/mo rent with a $959/mo payment. Total monthly income totals $1,883/mo, and annual cash flow totals $6,817/yr on $64,941 capital. ROI tracks 30.41% on current figures, and rental yield reads 11.53% at a $195,900 purchase. Equity gained on principal adds $1,264/yr, and 5% annual appreciation supports $54,124 over five years. Five-year ROI reaches 159.9% and total cumulative return in cash sums $103,841. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,883/mo property income instead of your personal income.
Single Family
Built in 1963
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53223, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,319 (100%) |
| Owner Occupied HU | 6,805 (51.1%) |
| Renter Occupied HU | 5,646 (42.4%) |
| Vacant Housing Units | 868 ( 6.5%) |
| Median Home Value | $215,682 |
| Average Home Value | $232,488 |
Housing Distribution
Address Breakdown
Residential
12,788
Single Family
8,641
Multi-Family
4,147
Businesses
653
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Listed by: Ryan Smith • Coldwell Banker Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914886
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.