7823 W Herbert Ave

Milwaukee, WI 53218
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3 bd, 1 ba | 936 sqft | Built in 1955

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List Price
$155,000

Initial Investment

$40,536

Purchase Price

$148,500

Down Payment

25%

Rent

$1,550

Total Return

$72,827

Annualized Return

24.9%

Cap Rate

7.8%

Gross Yield

12.5%

Cash Flow

$2,850

Appreciation

6.8%
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Features

Occupancy

Occupied

Lease Start

07/01/2018

Lease End

06/30/2020

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

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$17,670

Expenses

-$4,446

Property Taxes

-$2,300

Loan Payments

-$8,073

Net Cash Flow

$2,850

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