1216 Cove LnEagle RiverWI54521
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
Investment Highlights
Rental property for sale in Eagle River at 1216 Cove Ln, Eagle River, WI, 54521 generates $2,237/mo in rent and, after a $1,319/mo payment, leaves $428/mo in cash flow. Total monthly income is $2,237/mo, and annual cash flow is $5,141/yr on $89,339 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.96% on a $269,500 entry. Equity gained on principal adds $1,739/yr, while 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 134.4% and total cumulative return in cash sums $120,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,237/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54521, Eagle River, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,085 (100%) |
| Owner Occupied HU | 3,316 (41.0%) |
| Renter Occupied HU | 754 ( 9.3%) |
| Vacant Housing Units | 4,015 (49.7%) |
| Median Home Value | $349,465 |
| Average Home Value | $405,066 |
Housing Distribution
Address Breakdown
Residential
4,580
Single Family
4,534
Multi-Family
46
Businesses
487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JERRY BURKETT • CENTURY 21 BURKETT & ASSOC.
Mls Name: GNMLS
Mls Provider:
Mls ID: #208973
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.