118 North Second STREETDelavanWI53115
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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 Delavan at 118 North Second STREET, Delavan, WI, 53115 with 5% annual appreciation on a $175,000 basis while $1,658/mo rent supports operations. Total monthly income totals $1,658/mo and a $857/mo payment preserves $483/mo for cash returns. Annual cash flow comes to $5,797/yr on $58,013 deployed, and return on cash invested reaches 29.9% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 11.37%. Five-year ROI measures 157.2% and total cumulative return in cash totals $91,195.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,658/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1901
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53115, Delavan, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,363 (100%) |
| Owner Occupied HU | 4,493 (53.7%) |
| Renter Occupied HU | 2,069 (24.7%) |
| Vacant Housing Units | 1,801 (21.5%) |
| Median Home Value | $293,696 |
| Average Home Value | $385,774 |
Housing Distribution
Address Breakdown
Residential
7,266
Single Family
6,408
Multi-Family
858
Businesses
557
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Listed by: Keefe and Blay Real Estate Group* • Compass Wisconsin-Lake Geneva
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1924641
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved