Four bedroom house, Milwaukee, USA

This large four bedroom multi family home is located in Old North Milwaukee on the Northside of Milwaukee. Just walking distance and less than half a mile from Assata High School. The property is divided into two large apartments, you have a large two bedroom apartment downstairs and a large two bedroom apartment upstairs. One of the apartments has a tenant in place paying $700 in rent each month. The second apartment requires $5,000 in cosmetic repairs to be of a good rental ready standard. This is included in the price and will be completed after closing. The management company will then place brand new tenants paying $700 – $800 in rent each month.

This property is located in Old North Milwaukee on the Northside of Milwaukee which is only 8.2 miles from downtown. The property is also only 5.3 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: 74,900

Gross annual rental income: $18,000

Property running costs: $3,216
(Tax, insurance and management costs)

Net annual rental income: $14,784

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 20%

Break even in 5 Years