700 Herndon Drive #303MadisonWI53718
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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 700 Herndon Drive #303, Madison, WI, 53718 uses $85,361 cash to close to unlock $6,507/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $2,270/mo, and a $1,260/mo payment keeps the spread at $542/mo. Purchase price stands at $257,500, and rental yield measures 10.58% with $2,270/mo rent. Return on cash invested shows 27.53% in year one, and 5% annual appreciation builds toward $71,143 over five years. Five-year ROI reaches 144.45% and total cumulative return in cash records $123,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,270/mo property income covering a $1,260/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No 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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