Milwaukee Wisconsin Investment Property

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Milwaukee Investment Property
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 N 81st St, Milwaukee, 53218  [REI]
22 Photos
Home for sale: N 81st St, Milwaukee, WI
   
Purchase Price: $155,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,550
Bedrooms: 3 Property Tax: $224
Bathrooms: 1.5 Insurance/HOA: $90
Size: (sq ft) 950  Property Mgmt: $155
Price/Sq foot:  $163 Cash Flow: (Raw) $1,081
Year Built: 1955 Cap Rate: 8.4%
Parking: 2 Rent/Value Ratio: 1.0%
Neighborhood: B– DealGrader™: 7.5
The property has a refinished hardwood floors, new AC unit, new electrical wiring throughout. Fresh paint on interior and exterior plus new windows.

Currently leased.

More Properties Coming Soon!

Highlights

  • With a population of 600,000, Milwaukee is Wisconsin's largest city.
  • According to Wisconsin Department of Administration (WisDOA) projections, Milwaukee’s population will continue to grow in coming years. Between 2000 and 2025, WisDOA forecasts that Milwaukee’s population will increase by 4.3% to approximately 623,000.
  • Milwaukee is situated along Lake Michigan and only 90 miles to the north of Chicago.
  • Unemployment in the city of Milwaukee is at its lowest level in more than 25 years, with the greater Milwaukee area at 3.2% unemployment.
  • Milwaukee is a commercial and industrial hub for the Great Lakes region.  It is home to six Fortune 1000 manufacturers (including Harley-Davidson Inc., Rockwell Automation, and Johnson Controls), banks, and diversified service companies as well as one of the nation's ten largest insurance firms. 
  • Metropolitan area firms are engaged primarily in the manufacture of machinery; contrary to Milwaukee's reputation as a brewery capital, less than one percent of the city's industrial output is related to brewing. In recent years, the metro region has earned a reputation as a center for precision manufacturing. It leads the nation in the production of industrial controls, X-ray equipment, steel foundry parts, and mining machinery. The area is also considered a printing and publishing center, housing more than 11 percent of the top 70 printing companies in North America. Publishers and printers combined employ more than 21,000 people, about 2.5 percent of the workforce.
  • The metropolitan area places among the top manufacturing centers in the United States, ranking second among major metropolitan areas in the percentage of its workforce in manufacturing. 
  • Foxconn and Amazon have committed billions of dollars into Racine/Kenosha counties, just south of Milwaukee.  Amazon is expanding it's existing warehouse distribution center with a multi-billion dollar investment, and Foxconn is constructing a multi-billion dollar US Manufacturing plant.  Both of these investments will bring several thousand new high-skilled job opportunities to the market.
  • Just under 22 percent of Milwaukee's workers are in manufacturing jobs, the second-highest percentage among U.S. metropolitan areas. While manufacturing is a strong component of the city's economy, service jobs have shown the most growth in recent years.
  • The University of Wisconsin (27,000 students) and Marquette University (12,000 students) are the two largest institutions of higher education in Milwaukee.   Milwaukee is also served by Alverno College, Cardinal Stritch University, Medical College of Wisconsin, Milwaukee Area Technical College, Milwaukee Institute of Art and Design, Milwaukee School of Engineering, Mount Mary College, and Wisconsin Lutheran College, Concordia University Wisconsin, (the Mequon Campus), Lakeland College (the West Allis/Milwaukee Campus) collectively giving the city a full-time, degree seeking college student population exceeding approximately 70,000, the largest in Wisconsin. 
  • Renters make up 59% of the Milwaukee market .

Overview

Milwaukee is a very large city located in the state of Wisconsin. With a population of 600,155 people and 210 constituent neighborhoods, Milwaukee is the largest community in Wisconsin.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Milwaukee is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Milwaukee is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Milwaukee who work in office and administrative support (13.97%), sales jobs (8.73%), and food service (7.90%).

One of the benefits of being a big city like Milwaukee is having a public transportation system, but in Milwaukee the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the bus for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the bus Milwaukee benefits from a reduction in air pollution and traffic.

The citizens of Milwaukee are slightly better educated than the national average of 21.84% for all cities and towns, with 23.28% of adults in Milwaukee having a bachelor's degree or advanced degree.

The per capita income in Milwaukee in 2010 was $20,018, which is low income relative to Wisconsin, and lower middle income relative to the rest of the US. This equates to an annual income of $80,072 for a family of four. However, Milwaukee contains both very wealthy and poor people as well.

Milwaukee is an extremely ethnically-diverse city. The people who call Milwaukee home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Milwaukee residents report their race to be Black or African-American, followed by White. Milwaukee also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.98% of the city’s residents. Important ancestries of people in Milwaukee include Polish, Irish, Italian, and English.

The most common language spoken in Milwaukee is English. Other important languages spoken here include Spanish and Miao/Hmong.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Milwaukee Appreciation Rates
Milwaukee Arkansas Appreciation Rates
Market Inventory Trends — Milwaukee, AR
Average Days on Market — Milwaukee, AR
Market Action Index — Milwaukee, AR

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Milwaukee, AR
Unemployment Rate Trends - Milwaukee, Arkansas
            Milwaukee, Arkansas, National.   (Recessions shown as gray bars.)
Total Employment Trends — Milwaukee, AR
Total Employment - Milwaukee, Arkansas
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Milwaukee, AR
Real Median Household Income Trends - Milwaukee, Arkansas
            Milwaukee, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Milwaukee, AR
Home Rent-to-Mortgage Payment Ratio - Milwaukee, Arkansas

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Milwaukee was 0.89 in September 2013.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


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Please contact us for neighborhood specific information and demographics.

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