1505 South Shore DRIVE #227DelavanWI53115
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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 Delavan at 1505 South Shore DRIVE #227, Delavan, WI, 53115 offers a 10.25% rental yield on a $129,900 purchase with $1,110/mo rent. Total monthly income registers $1,110/mo, and a $636/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,856/yr on $43,062 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 139.24% and total cumulative return in cash at $59,959. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,110/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53115, Delavan, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,363 (100%) |
| Owner Occupied HU | 4,493 (53.7%) |
| Renter Occupied HU | 2,069 (24.7%) |
| Vacant Housing Units | 1,801 (21.5%) |
| Median Home Value | $293,696 |
| Average Home Value | $385,774 |
Housing Distribution
Address Breakdown
Residential
7,266
Single Family
6,408
Multi-Family
858
Businesses
557
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