1862 Detroit Harbor RdWashington IslandWI54246
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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 Washington Island at 1862 Detroit Harbor Rd, Washington Island, WI, 54246 generates $1,332/mo in rent, after a $1,517/mo payment. Total monthly income is $1,332/mo. Return on cash invested sits at 11.17% in year one, and rental yield is 5.16% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 56.69% and total cumulative return in cash sums $58,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,332/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54246, Washington Island, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 898 (100%) |
| Owner Occupied HU | 336 (37.4%) |
| Renter Occupied HU | 66 ( 7.3%) |
| Vacant Housing Units | 496 (55.2%) |
| Median Home Value | $358,667 |
| Average Home Value | $450,424 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
469
Multi-Family
14
Businesses
58
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Listed by: Jason Gordon • Gordons North Star Realty, LLC
Mls Name: Door County MLS
Mls Provider:
Mls ID: #144216
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.