1020 Prospect Avenue #4PortageWI53901
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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 Portage at 1020 Prospect Avenue #4, Portage, WI, 53901 listed at $239,900 pairs $2,081/mo rent with a $1,174/mo payment to leave $231/mo cash flow. Total monthly income runs $2,081/mo, and annual cash flow reaches $2,774/yr on $79,527 cash to close. Return on cash invested measures 23.4% in year one, and rental yield registers 10.41% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 123.59% and total cumulative return in cash totals $98,287. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,081/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53901, Portage, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,826 (100%) |
| Owner Occupied HU | 3,987 (58.4%) |
| Renter Occupied HU | 2,128 (31.2%) |
| Vacant Housing Units | 711 (10.4%) |
| Median Home Value | $250,655 |
| Average Home Value | $313,655 |
Housing Distribution
Address Breakdown
Residential
6,409
Single Family
5,428
Multi-Family
981
Businesses
681
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Listed by: Scott Elert • RE/MAX Preferred
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1997792
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.