8620 West Boone AvenueMilwaukeeWI53227
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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 8620 West Boone Avenue, Milwaukee, WI, 53227 priced at $244,900 pairs $2,044/mo rent with $400/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,044/mo, and annual cash flow comes to $4,801/yr on $81,184 invested. Return on cash invested is 25.82% in year one, and rental yield stands at 10.02% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 135.31% and total cumulative return in cash reaches $109,853. For financing, Ziffy Mortgage’s DSCR program evaluates $2,044/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53227, Milwaukee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,108 (100%) |
| Owner Occupied HU | 5,537 (49.8%) |
| Renter Occupied HU | 5,150 (46.4%) |
| Vacant Housing Units | 421 ( 3.8%) |
| Median Home Value | $243,923 |
| Average Home Value | $271,411 |
Housing Distribution
Address Breakdown
Residential
11,136
Single Family
7,204
Multi-Family
3,932
Businesses
878
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Listed by: Dan Schimelfenyg • EXP Realty, LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1995526
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.