7823 W Herbert Ave Milwaukee, WI 53218
3bd, 1ba | 936sqft | Built in 1955
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Initial Investment
$157,395
List Price: $155,000
Purchase Price
$155,000
Down Payment
100%
Rent
$1,550

Total Return
$73,177
Annualized Return
9.0%
Cap Rate
7.6%
Gross Yield
12.0%
Cash Flow
$11,106
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
07/01/2018 
Lease End
06/30/2019 
Lot Size
10,112 
HOA
None
Flood Risk
Not Required
  • Complete interior and exterior, turnkey rehab, with new hardwood flooring, tiled kitchen, dining room, and bathrooms
  • Extended life expectancy (10+ years) on all major systems (roof, HVAC, water heater), and brand new kitchen appliances
  • 6.8% cap rate w/ ~$9,000 in Year 1 net cash flow - Achieves 1% rule

Annual Financial Highlight
Expected Rent
$17,670
Expenses
-$4,264
Property Taxes
-$2,300
Loan Payments
$0

Net Cash Flow
$11,106
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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