114 E North Water StNew LondonWI54961
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
Investment Highlights
Rental property for sale in New London at 114 E North Water St, New London, WI, 54961 generates $2,254/mo in rent and, after a $1,615/mo payment, leaves $40/mo in cash flow. Total monthly income is $2,254/mo, and annual cash flow is $476/yr on $109,362 invested. Return on cash invested sits at 20.34% in year one, and rental yield is 8.2% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 105.88% and total cumulative return in cash sums $115,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,254/mo property income rather than buyer’s personal income.
Condo
Built in 2000
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54961, New London, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,459 (100%) |
| Owner Occupied HU | 4,442 (68.8%) |
| Renter Occupied HU | 1,503 (23.3%) |
| Vacant Housing Units | 514 ( 8.0%) |
| Median Home Value | $271,726 |
| Average Home Value | $307,559 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
5,719
Multi-Family
456
Businesses
364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Ricker • Coldwell Banker Real Estate Group
Mls Name: RANW
Mls ID: #50317260