1228 Hoover StreetJanesvilleWI53545
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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 Janesville at 1228 Hoover Street, Janesville, WI, 53545 generates $2,364/mo in rent and, after a $1,272/mo payment, leaves $620/mo in cash flow. Total monthly income is $2,364/mo, and annual cash flow is $7,438/yr on $86,157 invested. Return on cash invested sits at 28.54% in year one, and rental yield is 10.91% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 149.82% and total cumulative return in cash sums $129,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,364/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53545, Janesville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,704 (100%) |
| Owner Occupied HU | 6,471 (60.5%) |
| Renter Occupied HU | 3,719 (34.7%) |
| Vacant Housing Units | 514 ( 4.8%) |
| Median Home Value | $244,746 |
| Average Home Value | $277,335 |
Housing Distribution
Address Breakdown
Residential
10,724
Single Family
9,079
Multi-Family
1,645
Businesses
880
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Listed by: Shannon Weis • Realty Executives Premier
Mls Name: WIREX MLS
Mls ID: #2009023