1204 South Main Street UNIT 6Lake MillsWI53551
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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
Rental property for sale in Lake Mills at 1204 South Main Street UNIT 6, Lake Mills, WI, 53551 generates $3,022/mo in rent, after a $2,178/mo payment. Total monthly income is $3,022/mo. Return on cash invested sits at 18.17% in year one, and rental yield is 8.15% on a $444,900 entry. Equity gained on principal adds $2,871/yr, while 5% annual appreciation builds toward $122,918 over five years. Five-year ROI reaches 94.92% and total cumulative return in cash sums $139,993. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,022/mo property income rather than buyer’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
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Listed by: Ashley Nelson • Century 21 Affiliated
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1991242
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.