1003 Turner LnNew RichmondWI54017
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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
Investment property for sale in New Richmond at 1003 Turner Ln, New Richmond, WI, 54017 offers a 6.07% rental yield on a $397,625 purchase with $2,010/mo rent. 92% in year one. Equity gained on principal adds $2,566/yr while 5% annual appreciation supports $109,856 over five years. Portfolio math shows five-year ROI at 71.39% and total cumulative return in cash at $94,106. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,010/mo property income against a $1,946/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54017, New Richmond, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,605 (100%) |
| Owner Occupied HU | 6,267 (72.8%) |
| Renter Occupied HU | 2,005 (23.3%) |
| Vacant Housing Units | 333 ( 3.9%) |
| Median Home Value | $371,747 |
| Average Home Value | $424,805 |
Housing Distribution
Address Breakdown
Residential
8,602
Single Family
8,124
Multi-Family
478
Businesses
513
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Listed by: Jay Fletch • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7011450