This large three bedroom single family home is located in North Division. on the Northside of Milwaukee. close to vibrant shopping, Farmer’s Market, Lake view, City view and Bucks Arena. The property has three large bedrooms, a beautiful lounge diner with access to the kitchen area, a finished attic area and a large basement. The house has good tenants in place keeping the property in great condition paying $900 in rent each month. The property is under management by a local Milwaukee management company.
This property is located in North Division on the Northside of Milwaukee which is only 3.7 miles from downtown. The property is also only 3.2 miles and just eight 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.
• Three bedrooms.
• One bathroom.
• 1,386 sqft built.
• 2,700 sqft lot.
• Fully managed.
• Local staff.
Purchase price: 44,900
Gross annual rental income: $10,800
Property running costs: $2,193 (Tax, insurance and management costs)
Net annual rental income: $8,607
Investment calculation - Net Income divided by Purchase price = NET ROI.