120 Summit Beach Dr APT DAlgomaWI54201
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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 Algoma at 120 Summit Beach Dr APT D, Algoma, WI, 54201 earns from $2,293/mo rent with a $1,566/mo payment. Total monthly income totals $2,293/mo. ROI tracks 15.46% on current figures, and rental yield reads 8.6% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 81.87% and total cumulative return in cash sums $86,816. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,293/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,617 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54201, Algoma, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,771 (65.9%) |
| Renter Occupied HU | 525 (19.5%) |
| Vacant Housing Units | 393 (14.6%) |
| Median Home Value | $198,164 |
| Average Home Value | $241,745 |
Housing Distribution
Address Breakdown
Residential
2,489
Single Family
2,392
Multi-Family
97
Businesses
171
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Listed by: Heidi Neubauer • ERA Starr Realty
Mls Name: Door County MLS
Mls Provider:
Mls ID: #144177
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.