1644 N Rapids RdManitowocWI54220
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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 Manitowoc at 1644 N Rapids Rd, Manitowoc, WI, 54220 offers $2,474/mo rent that, after a $2,180/mo payment. Total monthly income is $2,474/mo. Return on cash invested measures 15.72% in year one, and rental yield stands at 6.67% at a $445,300 entry. Equity gained on principal adds $2,873/yr while 5% annual appreciation compounds into $123,028 by year five. Five-year ROI records 81.11% and total cumulative return in cash reaches $119,730. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,474/mo property income versus a $2,180/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
2 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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