8616 North Servite DRIVEMilwaukeeWI53223
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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 Milwaukee at 8616 North Servite DRIVE, Milwaukee, WI, 53223 uses $49,692 cash to close to unlock $1,820/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,158/mo, and a $734/mo payment keeps the spread at $152/mo. Purchase price stands at $149,900, and rental yield measures 9.27% with $1,158/mo rent. Return on cash invested shows 23.57% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.2% and total cumulative return in cash records $61,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,158/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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
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