Property Revenue Calculator

Uncover your property's full income potential

Property Details

2940 North Maryland AVENUE, Milwaukee, WI 53211
Property Type

Multi Family

Year Built

1911

Living Area

null sqft

Lot Size

4791 sqft

Bedrooms

6

Bathrooms

3

Current Value

$396,900

Estimated Monthly Rent

$2,173

Revenue Summary

Potential Monthly Revenue

$7,100

Potential Annual Revenue

$85,200

Total Setup Costs

$1,850

Market Analysis

The property at 2940 North Maryland Avenue, Milwaukee, WI, is a multi-family duplex with multiple ways to optimize income. Given its structure, location, and amenities, the property can generate income through various rental and leasing platforms. This analysis explores all possible income streams that can be pursued based on the property's infrastructure and market trends.

Recommended Priority
Rent Entire Property on Airbnb
Rent Rooms on Airbnb
Rent for Filming or Photoshoots
Rent Garage for Parking
Rent Basement for Storage
Income Opportunities
Rent Rooms on Airbnb

Rent out individual rooms to short-term guests on platforms like Airbnb.


Monthly Revenue: $2,000

Annual Revenue: $24,000

Setup Cost: $500

Platform:

Airbnb
Requirements
  • Furnishing rooms
  • Listing on Airbnb
How We Calculated This

Estimated based on local room rental rates of $100/night for 20 nights per month.

Confidence:

85%

Rent Entire Property on Airbnb

Rent out the entire duplex as a single unit on Airbnb or VRBO.


Monthly Revenue: $4,000

Annual Revenue: $48,000

Setup Cost: $1,000

Platform:

VRBO
Requirements
  • Furnishing entire property
  • Listing on Airbnb or VRBO
How We Calculated This

Estimated based on entire property rental at $200/night for 20 nights per month.

Confidence:

90%

Rent Garage for Parking

Rent out the garage space for vehicle storage on Prked.


Monthly Revenue: $400

Annual Revenue: $4,800

Setup Cost: $100

Platform:

Prked
Requirements
  • Listing on Prked
How We Calculated This

Estimated at $100/month per space for 4 spaces.

Confidence:

80%

Rent Basement for Storage

Rent out the basement area for storage purposes on Prked.


Monthly Revenue: $200

Annual Revenue: $2,400

Setup Cost: $50

Platform:

Prked
Requirements
  • Listing on Prked
  • Ensuring basement is clean and secure
How We Calculated This

Estimated based on typical storage rental rates for basements.

Confidence:

75%

Rent for Filming or Photoshoots

Utilize the property's unique architecture for filming or photoshoots on Peerspace.


Monthly Revenue: $500

Annual Revenue: $6,000

Setup Cost: $200

Platform:

Peerspace
Requirements
  • Photography-friendly setup
  • Listing on Peerspace
How We Calculated This

Estimated from typical rates for similar properties used for creative projects.

Confidence:

70%

Rent Land for Tiny Homes

Lease part of the land for tiny home placement on Try It Tiny.


Monthly Revenue: $0

Annual Revenue: $0

Setup Cost: $0

Platform:

Try It Tiny
Requirements
  • Adequate zoning and permissions
How We Calculated This

Not viable due to limited lot size.

Confidence:

50%

Rent Backyard for Events

Rent out the backyard or garden space for small events on Peerspace.


Monthly Revenue: $0

Annual Revenue: $0

Setup Cost: $0

Platform:

Peerspace
Requirements
  • Event-friendly setup
  • Listing on Peerspace
How We Calculated This

Not viable due to lack of pool and spa facilities.

Confidence:

55%