3249 - 3249A N 26th St

Milwaukee, WI 53206
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4 bd, 2 ba | 2,142 sqft | Built in 1922

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List Price
$95,000

Initial Investment

$23,435

Purchase Price

$86,000

Down Payment

25%

Rent

$1,425

Total Return

$44,252

Annualized Return

25.7%

Cap Rate

8.3%

Gross Yield

19.9%

Cash Flow

$1,624

Appreciation

7.2%
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Features

Occupancy

Month To Month

Lease Start

03/10/2021

Lease End

M/M

Property Type

Duplex

Lot Size

4,800

HOA

None

Flood Risk

Not Required

  • Duplex
  • Unit 3249- Monthly Rent: $725
  • Unit 3249A- Monthly Rent: $700
  • This property was recently renovated using funds from the Neighborhood Improvement Program in the City of Milwaukee (https://city.milwaukee.gov/DNSPrograms/NIP). The program stipulates that the income of the tenants in the home must be below 60% of the county's average for 10 years from the date the funds were received. In this case, 2023 would be the last year where this applies
  • Attractive cap rate

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Annual Financial Highlights

Expected Rent

$16,245

Expenses

-$5,746

Property Taxes

-$4,200

Loan Payments

-$4,675

Net Cash Flow

$1,624

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