Four bedroom house, Milwaukee, USA
Milwaukee, Milwaukee County, Wisconsin, USA
Property ID: 41561859
Summary Data
| Price | £45,773 |
| Price Type | |
| Bedrooms | Studio |
| Bathrooms | 2 - Bath |
| Plot Size | |
| Building Size |
| Sector | Residential |
| Type | Houses |
| Subtype | Townhouse |
| Tenure | |
| Completion | |
| Parking |
Location Map
Property Description
This large four bedroom multi family home is located in Lincoln Creek on the Northside of Milwaukee. Just walking distance and less than half a mile from Clemens Public School. The property is divided into two large two bedroom apartments, Both apartments have long term tenants in place and the total monthly rental income is $ 1,050 The property is under management with a great local Milwaukee management company.
This property is located in Lincoln Creek on the Northside of Milwaukee which is only 5.6 miles from downtown. The property is also only 5 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: 53,900
Gross annual rental income: $12,600
Property running costs: $3,158
(Tax, insurance and management costs)
Net annual rental income: $9,442
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 18%
Break even in 5.5 Years