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.
• Four bedrooms.
• Three bathrooms.
• 2,250 sqft built.
• 5,150 sqft lot.
• Fully managed.
• Local staff.
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.