1202 North Rapids ROADManitowocWI54220
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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 Manitowoc at 1202 North Rapids ROAD, Manitowoc, WI, 54220 earns from $1,676/mo rent with a $1,859/mo payment. Total monthly income totals $1,676/mo. ROI tracks 11.59% on current figures, and rental yield reads 5.29% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 58.9% and total cumulative return in cash sums $74,177. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,676/mo property income instead of your personal income.
Single Family
Built in 1979
6.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54220, Manitowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,428 (100%) |
| Owner Occupied HU | 12,146 (62.5%) |
| Renter Occupied HU | 6,034 (31.1%) |
| Vacant Housing Units | 1,248 ( 6.4%) |
| Median Home Value | $201,041 |
| Average Home Value | $249,459 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
16,603
Multi-Family
1,843
Businesses
1,021
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Listed by: Heather Parnau • Coldwell Banker Real Estate Group Manitowoc
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1923330
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved