0 Mertinke LandingElevaWI54738
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Eleva at 0 Mertinke Landing, Eleva, WI, 54738 priced at $675,000 converts $2,299/mo rent into after a $3,304/mo obligation. Total monthly income equals $2,299/mo. Return on cash invested prints 8% in year one, and rental yield reads 4.09% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 39.65% and total cumulative return in cash sums $88,059. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,299/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54738, Eleva, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,461 (100%) |
| Owner Occupied HU | 1,211 (82.9%) |
| Renter Occupied HU | 195 (13.3%) |
| Vacant Housing Units | 55 ( 3.8%) |
| Median Home Value | $361,416 |
| Average Home Value | $409,261 |
Housing Distribution
Address Breakdown
Residential
1,361
Single Family
1,347
Multi-Family
14
Businesses
47
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Listed by: John Gyorfi • RE/MAX Affiliates
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1579358
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.