1502 Paddock COURTOconomowocWI53066
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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 Oconomowoc at 1502 Paddock COURT, Oconomowoc, WI, 53066 priced at $569,900 converts $2,022/mo rent into after a $2,789/mo obligation. Total monthly income equals $2,022/mo. Return on cash invested prints 5.36% in year one, and rental yield reads 4.26% against a $569,900 entry. Equity gained on principal adds $3,677/yr, while 5% annual appreciation compiles into $157,453 by year five. Five-year ROI reaches 26.61% and total cumulative return in cash sums $49,902. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,022/mo property income covering a $2,789/mo payment, not borrower’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$495 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53066, Oconomowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,361 (100%) |
| Owner Occupied HU | 12,168 (70.1%) |
| Renter Occupied HU | 3,814 (22.0%) |
| Vacant Housing Units | 1,379 ( 7.9%) |
| Median Home Value | $467,611 |
| Average Home Value | $564,485 |
Housing Distribution
Address Breakdown
Residential
16,805
Single Family
15,139
Multi-Family
1,666
Businesses
1,038
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Listed by: John Morgen • First Weber Inc - Waukesha
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913155
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.