1016 Cumming AveSuperiorWI54880
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 Superior at 1016 Cumming Ave, Superior, WI, 54880 priced at $149,900 converts $1,198/mo rent into $192/mo cash flow after a $734/mo obligation. Total monthly income equals $1,198/mo, and annual cash flow totals $2,300/yr on $49,692 invested. Return on cash invested prints 24.54% in year one, and rental yield reads 9.59% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 128.37% and total cumulative return in cash sums $63,791. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,198/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1892
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54880, Superior, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,548 (100%) |
| Owner Occupied HU | 7,945 (54.6%) |
| Renter Occupied HU | 5,718 (39.3%) |
| Vacant Housing Units | 885 ( 6.1%) |
| Median Home Value | $203,337 |
| Average Home Value | $244,522 |
Housing Distribution
Address Breakdown
Residential
14,070
Single Family
11,975
Multi-Family
2,095
Businesses
1,081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julia Russom • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118960
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.