1505 South Shore DRIVE UNIT 204DelavanWI53115
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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 UNIT 204, Delavan, WI, 53115 offers a 9.55% rental yield on a $110,900 purchase with $883/mo rent. 21% in year one. Equity gained on principal adds $716/yr while 5% annual appreciation supports $30,640 over five years. Portfolio math shows five-year ROI at 21.76% and total cumulative return in cash at $7,998. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $883/mo property income against a $543/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
$650 monthly 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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Listed by: Lorie Spiewak • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1899380
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.