205 N 3rd StAlgomaWI54201
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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 Algoma at 205 N 3rd St, Algoma, WI, 54201 listed at $149,900 pairs $1,170/mo rent with a $734/mo payment to leave $164/mo cash flow. Total monthly income runs $1,170/mo, and annual cash flow reaches $1,964/yr on $49,692 cash to close. Return on cash invested measures 23.86% in year one, and rental yield registers 9.37% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 124.75% and total cumulative return in cash totals $61,991. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,170/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54201, Algoma, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,771 (65.9%) |
| Renter Occupied HU | 525 (19.5%) |
| Vacant Housing Units | 393 (14.6%) |
| Median Home Value | $198,164 |
| Average Home Value | $241,745 |
Housing Distribution
Address Breakdown
Residential
2,489
Single Family
2,392
Multi-Family
97
Businesses
171
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Listed by: Mark Hilsabeck • Action Realty
Mls Name: Door County MLS
Mls Provider:
Mls ID: #143794
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.