2001 Kern AvenueRice LakeWI54868
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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 Rice Lake at 2001 Kern Avenue, Rice Lake, WI, 54868 priced at $294,000 pairs $2,122/mo rent with $149/mo cash flow after a $1,439/mo payment. Total monthly income equals $2,122/mo, and annual cash flow comes to $1,787/yr on $97,461 invested. Return on cash invested is 21.74% in year one, and rental yield stands at 8.66% on a $294,000 basis. Equity gained on principal adds $1,897/yr, and 5% annual appreciation accumulates to $81,227 by year five. Five-year ROI measures 113.35% and total cumulative return in cash reaches $110,472. For financing, Ziffy Mortgage’s DSCR program evaluates $2,122/mo property income against a $1,439/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54868, Rice Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,937 (100%) |
| Owner Occupied HU | 4,889 (61.6%) |
| Renter Occupied HU | 2,225 (28.0%) |
| Vacant Housing Units | 823 (10.4%) |
| Median Home Value | $248,556 |
| Average Home Value | $301,125 |
Housing Distribution
Address Breakdown
Residential
7,298
Single Family
6,430
Multi-Family
868
Businesses
744
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Listed by: Heidi Kringle • Northwest Wisconsin Realty Team
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1590562
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.