11628 Carrington Ln #45Ellison BayWI54210
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 11628 Carrington Ln #45, Ellison Bay, WI, 54210 in Ellison Bay hard to pass up. The 13.46% gross yield on a $199,000 purchase results in $2,232/mo in rent and $813/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.49). Annual cash flow of $9,758, five-year appreciation of $54,980, and $1,833/yr in equity build-up combine for a projected total cumulative return of $128,634.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 6.2% |
| Monthly Cash Flow | $813 | $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 | $2,232 |
| Total Monthly Debt Service | $1,340 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2007
14 Acres lot
$N/A/sqft
$250 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54210, Ellison Bay, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,400 (100%) |
| Owner Occupied HU | 514 (36.7%) |
| Renter Occupied HU | 65 ( 4.6%) |
| Vacant Housing Units | 821 (58.6%) |
| Median Home Value | $496,396 |
| Average Home Value | $667,704 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
544
Multi-Family
0
Businesses
41
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
Condo
Built in 2007
14 Acres lot
$N/A/sqft
$250 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54210, Ellison Bay, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,400 (100%) |
| Owner Occupied HU | 514 (36.7%) |
| Renter Occupied HU | 65 ( 4.6%) |
| Vacant Housing Units | 821 (58.6%) |
| Median Home Value | $496,396 |
| Average Home Value | $667,704 |
Housing Distribution
Address Breakdown
Residential
544
Single Family
544
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katherine Lindsley • Dwell Door County
Mls Name: Door County MLS
Mls Provider:
Mls ID: #144347
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.