1600 North Second STREETWatertownWI53098
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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 Watertown at 1600 North Second STREET, Watertown, WI, 53098 priced at $400,000 converts $2,266/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,266/mo. Return on cash invested prints 16.12% in year one, and rental yield reads 6.8% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 83.22% and total cumulative return in cash sums $110,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,266/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53098, Watertown, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,170 (100%) |
| Owner Occupied HU | 3,475 (67.2%) |
| Renter Occupied HU | 1,486 (28.7%) |
| Vacant Housing Units | 209 ( 4.0%) |
| Median Home Value | $281,300 |
| Average Home Value | $334,335 |
Housing Distribution
Address Breakdown
Residential
4,969
Single Family
4,550
Multi-Family
419
Businesses
119
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Listed by: Paula Mcpherson • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1899189
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.