1320 216th AveNew RichmondWI54017
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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
Investment property for sale in New Richmond at 1320 216th Ave, New Richmond, WI, 54017 uses $139,197 cash to close to unlock $5,438/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $3,271/mo, and a $2,055/mo payment keeps the spread at $453/mo. Purchase price stands at $419,900, and rental yield measures 9.35% with $3,271/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 124.5% and total cumulative return in cash records $173,304. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,271/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 2003
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54017, New Richmond, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,605 (100%) |
| Owner Occupied HU | 6,267 (72.8%) |
| Renter Occupied HU | 2,005 (23.3%) |
| Vacant Housing Units | 333 ( 3.9%) |
| Median Home Value | $371,747 |
| Average Home Value | $424,805 |
Housing Distribution
Address Breakdown
Residential
8,602
Single Family
8,124
Multi-Family
478
Businesses
513
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Listed by: Michael D Giese • Century 21 Affiliated
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007177