Milwaukee – $39,900

Net Return – 20%

Milwaukee – $39,900 Array, Array

39,900

Description

This large four bedroom single family home is located in Borchert Field on the Northside of Milwaukee and is within walking distance to the Business and Economics Academy of Milwaukee. This is a great family area and the property has four large bedrooms, three bathrooms, a living room, a sunroom and a huge rear garden. The property has great tenants in place paying $935 in rent each month. The property is under management by a local Milwaukee management company.

This property is located in Borchert Field on the Northside of Milwaukee which is only 3.8 miles from Downtown. The property is also only .5 miles and a ten minute walk from the Business and Economics Academy of Milwaukee, which is one of Milwaukee’s best colleges, this area in general has some great schools and lots of local amenities.

Property Details

• Four bedrooms.

• Three bathrooms.

• 2,250 sqft built.

• 5,150 sqft lot.

• Fully managed.

• Local staff.

• Garden.

• Tenanted.

Investment Calculation

Purchase price: 39,900

Gross annual rental income: $11,220

Property running costs: $3,342
(Tax, insurance and management costs)

Net annual rental income: $7,878

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

Return on investment: 20%

Break even in 5 Years

Detail

Price: 39,900

Net Return: 20%

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