6440 West Howard AVENUE #104MilwaukeeWI53220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6440 West Howard AVENUE #104, Milwaukee, WI, 53220 in Milwaukee. Priced at $120,000, it generates $1,691/mo in gross rent and $575/mo in net monthly cash flow, a 16.91% yield that comfortably supports the 3.13 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,897. Five-year appreciation: $33,154. Equity from principal paydown: $1,105/yr. Total projected cumulative return: $84,129.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.9% | 7.2% |
| Monthly Cash Flow | $575 | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $1,068 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53220, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,712 (100%) |
| Owner Occupied HU | 6,551 (55.9%) |
| Renter Occupied HU | 4,829 (41.2%) |
| Vacant Housing Units | 332 ( 2.8%) |
| Median Home Value | $250,571 |
| Average Home Value | $269,226 |
Housing Distribution
Address Breakdown
Residential
12,037
Single Family
7,889
Multi-Family
4,148
Businesses
652
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$310 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53220, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,712 (100%) |
| Owner Occupied HU | 6,551 (55.9%) |
| Renter Occupied HU | 4,829 (41.2%) |
| Vacant Housing Units | 332 ( 2.8%) |
| Median Home Value | $250,571 |
| Average Home Value | $269,226 |
Housing Distribution
Address Breakdown
Residential
12,037
Single Family
7,889
Multi-Family
4,148
Businesses
652
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Timothy Ferguson • Berkshire Hathaway HomeServices Metro Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1926169
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved