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Sold 4 months ago

$89,000

4 bd 1 ba 1200 sqft

HAMPTON/51ST, Milwaukee, WI 53218

Residential SFR Occupied Needs Repairs

Current Rent **

$1,100

Projected Rent **

$1,650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Shawn Ackerman

Real Estate Entrepreneur
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4/1 SINGLE WAHL PARK FLIP/HOLD

Required Action: Property needs extermination.

Roof: Functioning, but there was a past leak in the front upper bedroom above the window (2nd Floor).

Mechanicals: All mechanical systems are functioning as they should.

Plumbing: Functioning as it should, with no major defects observed, though the tenant has a bucket under the kitchen sink (no other active leaks noted).

Electrical: Circuit breakers have no active problems.

Tenancy & Financials:
Tenant rent is $1,000 per month.
Asking price is $110,000.

Location:

HAMPTON/51ST, Milwaukee, WI 53218

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.