1611 South 18th STREETManitowocWI54220
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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 1611 South 18th STREET, Manitowoc, WI, 54220 uses $82,875 cash to close to unlock $4,222/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $2,030/mo, and a $1,224/mo payment keeps the spread at $352/mo. Purchase price stands at $250,000, and rental yield measures 9.74% with $2,030/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 130.85% and total cumulative return in cash records $108,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,030/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.25 Acres 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: Nicole Wooton • Keller Williams - Manitowoc
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1892206
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.