1222 West Sherman AvenueFort AtkinsonWI53538
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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 Fort Atkinson at 1222 West Sherman Avenue, Fort Atkinson, WI, 53538 priced at $509,000 converts $1,314/mo rent into after a $2,491/mo obligation. Total monthly income equals $1,314/mo. Return on cash invested prints 2.85% in year one, and rental yield reads 3.1% against a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation compiles into $140,627 by year five. Five-year ROI reaches 12.82% and total cumulative return in cash sums $21,469. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $2,491/mo payment, not borrower’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53538, Fort Atkinson, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,379 (100%) |
| Owner Occupied HU | 5,578 (66.6%) |
| Renter Occupied HU | 2,294 (27.4%) |
| Vacant Housing Units | 507 ( 6.1%) |
| Median Home Value | $326,653 |
| Average Home Value | $363,095 |
Housing Distribution
Address Breakdown
Residential
8,082
Single Family
7,278
Multi-Family
804
Businesses
566
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Listed by: Lynn Staude • RE/MAX Preferred
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1994867
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.