6302 Merritt RidgeMadisonWI53718
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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 Madison at 6302 Merritt Ridge, Madison, WI, 53718 with 5% annual appreciation on a $365,000 basis while $3,146/mo rent supports operations. Total monthly income totals $3,146/mo and a $1,786/mo payment preserves $180/mo for cash returns. Annual cash flow comes to $2,157/yr on $120,998 deployed, and return on cash invested reaches 21.69% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 10.34%. Five-year ROI measures 114.94% and total cumulative return in cash totals $139,075.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,146/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2000
N/A lot
$N/A/sqft
$380 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53718, Madison, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,529 (100%) |
| Owner Occupied HU | 4,747 (49.8%) |
| Renter Occupied HU | 4,317 (45.3%) |
| Vacant Housing Units | 465 ( 4.9%) |
| Median Home Value | $373,243 |
| Average Home Value | $417,311 |
Housing Distribution
Address Breakdown
Residential
9,486
Single Family
5,073
Multi-Family
4,413
Businesses
735
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