1612 Commonwealth DRIVE #3Fort AtkinsonWI53538
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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 Fort Atkinson at 1612 Commonwealth DRIVE #3, Fort Atkinson, WI, 53538 offers a 8.87% rental yield on a $249,900 purchase with $1,848/mo rent. Total monthly income registers $1,848/mo, and a $1,223/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,052/yr on $82,842 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 116.89% and total cumulative return in cash at $96,830. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,848/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53538, Fort Atkinson, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,379 (100%) |
| Owner Occupied HU | 5,578 (66.6%) |
| Renter Occupied HU | 2,294 (27.4%) |
| Vacant Housing Units | 507 ( 6.1%) |
| Median Home Value | $326,653 |
| Average Home Value | $363,095 |
Housing Distribution
Address Breakdown
Residential
8,082
Single Family
7,278
Multi-Family
804
Businesses
566
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Listed by: Rachel Pattermann • Pattermann Realty LLC
Mls Name: WIREX MLS
Mls ID: #1931279