1016 W Main STREETSpartaWI54656
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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
Total monthly income runs $2,180/mo, and a $1,610/mo payment. Purchase price stands at $329,000, and rental yield measures 7.95% with $2,180/mo rent. Return on cash invested shows 19.6% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 101.92% and total cumulative return in cash records $111,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,180/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1945
9,583 sqft 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
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Listed by: Dane Gell • Edina Realty, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1899838
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.