10615 North Ivy COURT UNIT 40MequonWI53092
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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 Mequon at 10615 North Ivy COURT UNIT 40, Mequon, WI, 53092 offers a 9.21% rental yield on a $159,900 purchase with $1,227/mo rent. 71% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 88.8% and total cumulative return in cash at $47,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,227/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
$295 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53092, Thiensville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,948 (100%) |
| Owner Occupied HU | 7,412 (74.5%) |
| Renter Occupied HU | 1,846 (18.6%) |
| Vacant Housing Units | 690 ( 6.9%) |
| Median Home Value | $501,205 |
| Average Home Value | $578,299 |
Housing Distribution
Address Breakdown
Residential
9,622
Single Family
8,360
Multi-Family
1,262
Businesses
1,405
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Listed by: Jennifer Landro Real Estate Team* • LPT Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1909572
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.