625 East Mifflin Street #213MadisonWI53703
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
Investment property for sale in Madison at 625 East Mifflin Street #213, Madison, WI, 53703 uses $101,771 cash to close to unlock $1,047/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $2,148/mo, and a $1,503/mo payment keeps the spread at $87/mo. Purchase price stands at $307,000, and rental yield measures 8.4% with $2,148/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $84,818 over five years. Five-year ROI reaches 109.08% and total cumulative return in cash records $111,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,148/mo property income covering a $1,503/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices