1701 & 1707 North 3RD STREET #312 Chicago AveWausauWI54403
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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 Wausau at 1701 & 1707 North 3RD STREET #312 Chicago Ave, Wausau, WI, 54403 offers a 2.77% rental yield on a $499,000 purchase with $1,150/mo rent. 96% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 18.01% and total cumulative return in cash at $29,790. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,150/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1904
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54403, Wausau, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,199 (100%) |
| Owner Occupied HU | 6,942 (62.0%) |
| Renter Occupied HU | 3,576 (31.9%) |
| Vacant Housing Units | 681 ( 6.1%) |
| Median Home Value | $239,973 |
| Average Home Value | $298,057 |
Housing Distribution
Address Breakdown
Residential
10,829
Single Family
9,398
Multi-Family
1,431
Businesses
627
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