1022 Oakes AveSuperiorWI54880
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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 Superior at 1022 Oakes Ave, Superior, WI, 54880 uses $71,239 cash to close to unlock $2,635/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,662/mo, and a $1,052/mo payment keeps the spread at $220/mo. Purchase price stands at $214,900, and rental yield measures 9.28% with $1,662/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 123.38% and total cumulative return in cash records $87,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,662/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 1900
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
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