16 E 4th StWashburnWI54891
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Washburn at 16 E 4th St, Washburn, WI, 54891 offers a 13.71% rental yield on a $160,000 purchase with $1,828/mo rent. Total monthly income registers $1,828/mo, and a $783/mo payment leaves $754/mo available for distribution. Annual cash flow reaches $9,052/yr on $53,040 to close, and return on cash invested stands at 36.98% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 195.12% and total cumulative return in cash at $103,490. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,828/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1800
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54891, Washburn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,909 (100%) |
| Owner Occupied HU | 1,265 (66.3%) |
| Renter Occupied HU | 356 (18.6%) |
| Vacant Housing Units | 288 (15.1%) |
| Median Home Value | $254,500 |
| Average Home Value | $289,628 |
Housing Distribution
Address Breakdown
Residential
1,365
Single Family
1,261
Multi-Family
104
Businesses
125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Nettleton • By the Bay Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117588
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.