This large four bedroom single family home is located in Old North Milwaukee on the Northside of Milwaukee. The house is just a few minutes and less than a mile from The Milwaukee Public Library at Villard Square. The property consists of four large bedrooms, one and a half bathrooms, a large lounge diner, a full basement with a large garden. The property has Section 8 tenants already in place. The rent of $970 each month is paid direct to the owner via the US Government. The property is under management by a great local Milwaukee management company.
This property is located in Old North Milwaukee on the Northside of Milwaukee which is only 7.7 miles from downtown. Nearby schools include Barack Obama School of Career and Technical Education, Milwaukee School of Languages and Assata High School. The property is also only 5.4 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.
• Four bedrooms.
• One and a half bathrooms
• 1,341 sqft built.
• 4,661 sqft lot.
• Fully managed.
• Local staff
Purchase price: 67,500
Gross annual rental income: $11,640
Property running costs: $3,364 (Tax, insurance and management costs)
Net annual rental income: $8,276
Investment calculation - Net Income divided by Purchase price = NET ROI.