108 Prospect AVENUEIron RidgeWI53035
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder108 Prospect AVENUE, Iron Ridge, WI, 53035 in Iron Ridge is a stable, well-positioned rental at $298,000. Rental yield 7.03%. DSCR 1.30 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $82,332 in value and $2,745/yr in principal paydown builds equity, a total projected return of $97,351.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(254) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,746 |
| Total Monthly Debt Service | $1,881 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53035, Iron Ridge, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 838 (79.8%) |
| Renter Occupied HU | 154 (14.7%) |
| Vacant Housing Units | 58 ( 5.5%) |
| Median Home Value | $304,813 |
| Average Home Value | $364,156 |
Housing Distribution
Address Breakdown
Residential
903
Single Family
896
Multi-Family
7
Businesses
32
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
Single Family
Built in 1971
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53035, Iron Ridge, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 838 (79.8%) |
| Renter Occupied HU | 154 (14.7%) |
| Vacant Housing Units | 58 ( 5.5%) |
| Median Home Value | $304,813 |
| Average Home Value | $364,156 |
Housing Distribution
Address Breakdown
Residential
903
Single Family
896
Multi-Family
7
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices