7841 North 60th STREET UNIT AMilwaukeeWI53223
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 7841 North 60th STREET UNIT A, Milwaukee, WI, 53223 in Milwaukee achieves 1.70, rent of $901/mo covers the $531/mo payment 1.5x over at $118,000. Rental yield 9.16%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $32,601 over five years, with $1,087/yr in principal reduction bringing total projected return to $31,632.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 7.2% |
| Monthly Cash Flow | $(231) | $3,200 |
City averages based on Milwaukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $901 |
| Total Monthly Debt Service | $1,085 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1967
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53223, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,319 (100%) |
| Owner Occupied HU | 6,805 (51.1%) |
| Renter Occupied HU | 5,646 (42.4%) |
| Vacant Housing Units | 868 ( 6.5%) |
| Median Home Value | $215,682 |
| Average Home Value | $232,488 |
Housing Distribution
Address Breakdown
Residential
12,788
Single Family
8,641
Multi-Family
4,147
Businesses
653
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 1967
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53223, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,319 (100%) |
| Owner Occupied HU | 6,805 (51.1%) |
| Renter Occupied HU | 5,646 (42.4%) |
| Vacant Housing Units | 868 ( 6.5%) |
| Median Home Value | $215,682 |
| Average Home Value | $232,488 |
Housing Distribution
Address Breakdown
Residential
12,788
Single Family
8,641
Multi-Family
4,147
Businesses
653
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Rowe • RE/MAX Lakeside-North
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1881248
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.