101 Osthoff AVENUE #369Elkhart LakeWI53020
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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 Elkhart Lake at 101 Osthoff AVENUE #369, Elkhart Lake, WI, 53020 offers a 11.86% rental yield on a $215,000 purchase with $2,125/mo rent. Total monthly income registers $2,125/mo, and a $1,052/mo payment leaves $682/mo available for distribution. Annual cash flow reaches $8,189/yr on $71,273 to close, and return on cash invested stands at 31.4% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 165.15% and total cumulative return in cash at $117,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,125/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
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Listed by: Jill Preissner • Village Realty & Development
Mls Name: WIREX MLS
Mls ID: #1925839