114 Point Elkhart DRIVEElkhart LakeWI53020
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 Elkhart Lake at 114 Point Elkhart DRIVE, Elkhart Lake, WI, 53020 priced at $825,000 pairs $2,364/mo rent with after a $4,038/mo payment. Total monthly income equals $2,364/mo. Return on cash invested is 6.03% in year one, and rental yield stands at 3.44% on a $825,000 basis. Equity gained on principal adds $5,324/yr, and 5% annual appreciation accumulates to $227,932 by year five. Five-year ROI measures 29.1% and total cumulative return in cash reaches $78,981. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $4,038/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Constance Conrad • Pleasant View Realty, LLC
Mls Name: WIREX MLS
Mls ID: #1945078