1501 Erie Ave #1501ASheboyganWI53081
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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 Sheboygan at 1501 Erie Ave #1501A, Sheboygan, WI, 53081 uses $70,543 cash to close to unlock $3,161/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $1,042/mo payment keeps the spread at $263/mo. Purchase price stands at $212,800, and rental yield measures 9.54% with $1,692/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $58,793 over five years. Five-year ROI reaches 127.61% and total cumulative return in cash records $90,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $1,042/mo payment rather than investor’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53081, Sheboygan, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,460 (100%) |
| Owner Occupied HU | 11,073 (54.1%) |
| Renter Occupied HU | 7,927 (38.7%) |
| Vacant Housing Units | 1,460 ( 7.1%) |
| Median Home Value | $206,484 |
| Average Home Value | $248,810 |
Housing Distribution
Address Breakdown
Residential
19,516
Single Family
16,934
Multi-Family
2,582
Businesses
1,452
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