1011 Evenson DRIVESpartaWI54656
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Sparta at 1011 Evenson DRIVE, Sparta, WI, 54656 generates $2,668/mo in rent and, after a $1,835/mo payment, leaves $152/mo in cash flow. Total monthly income is $2,668/mo, and annual cash flow is $1,821/yr on $124,313 invested. Return on cash invested sits at 21.37% in year one, and rental yield is 8.54% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 111.38% and total cumulative return in cash sums $138,459. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,668/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54656, Sparta, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,833 (100%) |
| Owner Occupied HU | 5,191 (66.3%) |
| Renter Occupied HU | 2,189 (27.9%) |
| Vacant Housing Units | 453 ( 5.8%) |
| Median Home Value | $242,815 |
| Average Home Value | $274,568 |
Housing Distribution
Address Breakdown
Residential
7,665
Single Family
7,334
Multi-Family
331
Businesses
527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
