Four bedroom house, Milwaukee, USA
Milwaukee, Milwaukee County, Wisconsin, USA
Property ID: 41572950
Summary Data
| Price | £44,924 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large two apartment multi family home is located on the border of Lindsay Heights in on the Northside of Milwaukee. close to vibrant shopping, Farmer’s Market, Lake view, City view and Bucks Arena. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. The property has two good tenants already in place both paying $550 in rent each month. The market rent is closer to $700 each month so should a tenant leave at some point in the future the rent can easily be increased. The property is under management by a local Milwaukee management company.
This property is located on the border of Lindsay Heights on the Northside of Milwaukee which is only 3 miles from downtown. The property is also only 3.5 miles and just Nine minutes from University of Wisconsin Milwaukee one of America’s Top Research Universities on the Westside, The104-acre campus which is right on the shoreline of Lake Michigan.
Investment Calculation
Purchase price: 52,900
Gross annual rental income: $13,200
Property running costs: $2,814
(Tax, insurance and management costs)
Net annual rental income: $10,386
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 20%
Break even in 5 Years