616 South Ingersoll StreetMadisonWI53703
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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 616 South Ingersoll Street, Madison, WI, 53703 priced at $895,000 converts $4,368/mo rent into after a $4,381/mo obligation. Total monthly income equals $4,368/mo. Return on cash invested prints 13.38% in year one, and rental yield reads 5.86% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 68.5% and total cumulative return in cash sums $201,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,368/mo property income covering a $4,381/mo payment, not borrower’s personal income.
Single Family
Built in 1931
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53703, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,266 (100%) |
| Owner Occupied HU | 2,504 (11.2%) |
| Renter Occupied HU | 18,420 (82.7%) |
| Vacant Housing Units | 1,342 ( 6.0%) |
| Median Home Value | $559,727 |
| Average Home Value | $640,792 |
Housing Distribution
Address Breakdown
Residential
19,094
Single Family
4,194
Multi-Family
14,900
Businesses
1,438
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Listed by: Kelda Roys • OpenHomes Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1998867
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.