1606 South 10th STREET UNIT 1606 AManitowocWI54220
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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 Manitowoc at 1606 South 10th STREET UNIT 1606 A, Manitowoc, WI, 54220 offers a 10.41% rental yield on a $162,500 purchase with $1,410/mo rent. Total monthly income registers $1,410/mo, and a $795/mo payment leaves $320/mo available for distribution. Annual cash flow reaches $3,837/yr on $53,869 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $1,049/yr while 5% annual appreciation supports $44,896 over five years. Portfolio math shows five-year ROI at 141.71% and total cumulative return in cash at $76,338. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,410/mo property income against a $795/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1905
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54220, Manitowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,428 (100%) |
| Owner Occupied HU | 12,146 (62.5%) |
| Renter Occupied HU | 6,034 (31.1%) |
| Vacant Housing Units | 1,248 ( 6.4%) |
| Median Home Value | $201,041 |
| Average Home Value | $249,459 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
16,603
Multi-Family
1,843
Businesses
1,021
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Listed by: Chad Hoerth • Coldwell Banker Real Estate Group Manitowoc
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1909849
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.