6639 North Bourbon STREETMilwaukeeWI53224
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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 Milwaukee at 6639 North Bourbon STREET, Milwaukee, WI, 53224 priced at $119,900 converts $950/mo rent into after a $587/mo obligation. Total monthly income equals $950/mo. Return on cash invested prints 16.74% in year one, and rental yield reads 9.51% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 89.4% and total cumulative return in cash sums $35,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $950/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53224, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,567 (100%) |
| Owner Occupied HU | 3,746 (43.7%) |
| Renter Occupied HU | 4,209 (49.1%) |
| Vacant Housing Units | 612 ( 7.1%) |
| Median Home Value | $236,924 |
| Average Home Value | $269,821 |
Housing Distribution
Address Breakdown
Residential
8,003
Single Family
5,715
Multi-Family
2,288
Businesses
645
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Listed by: Luvene Realty Group* • Keller Williams Realty-Milwaukee North Shore
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1909895
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.