1927 Main STREETWashington 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
Investment property for sale in Washington Island at 1927 Main STREET, Washington Island, WI, 54246 uses $64,643 cash to close to unlock $5,349/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $954/mo payment keeps the spread at $446/mo. Purchase price stands at $195,000, and rental yield measures 10.79% with $1,754/mo rent. Return on cash invested shows 28.18% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 147.91% and total cumulative return in cash records $95,614. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.98 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: Roxanne Martens • Boardwalk Realty LLC
Mls Name: WIREX MLS
Mls ID: #1944175