6955 South Riverwood BOULEVARD UNIT N-203FranklinWI53132
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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 Franklin at 6955 South Riverwood BOULEVARD UNIT N-203, Franklin, WI, 53132 uses $82,842 cash to close to unlock $2,040/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $2,237/mo, and a $1,223/mo payment keeps the spread at $170/mo. Purchase price stands at $249,900, and rental yield measures 10.74% with $2,237/mo rent. Return on cash invested shows 22.37% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash records $98,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,237/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$390 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53132, Franklin, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,339 (100%) |
| Owner Occupied HU | 11,000 (71.7%) |
| Renter Occupied HU | 3,682 (24.0%) |
| Vacant Housing Units | 657 ( 4.3%) |
| Median Home Value | $389,531 |
| Average Home Value | $426,848 |
Housing Distribution
Address Breakdown
Residential
14,862
Single Family
12,396
Multi-Family
2,466
Businesses
848
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Listed by: Stacie Lee Purko • RE/MAX Forward
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1912317
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.