130 Summit Beach DRIVE UNIT CAlgomaWI54201
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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
Total monthly income runs $2,199/mo, and a $1,571/mo payment. Purchase price stands at $321,000, and rental yield measures 8.22% with $2,199/mo rent. Return on cash invested shows 13.99% in year one, and 5% annual appreciation builds toward $88,686 over five years. Five-year ROI reaches 74.09% and total cumulative return in cash records $78,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,199/mo property income covering a $1,571/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$570 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54201, Algoma, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,771 (65.9%) |
| Renter Occupied HU | 525 (19.5%) |
| Vacant Housing Units | 393 (14.6%) |
| Median Home Value | $198,164 |
| Average Home Value | $241,745 |
Housing Distribution
Address Breakdown
Residential
2,489
Single Family
2,392
Multi-Family
97
Businesses
171
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Listed by: Eric Dean • JC Realtors
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1910891
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.