206 South Water StreetNorwalkWI54648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Norwalk at 206 South Water Street, Norwalk, WI, 54648 offers $887/mo rent that, after a $563/mo payment, leaves $115/mo cash flow. Total monthly income is $887/mo, and annual cash flow is $1,381/yr on $38,123 cash. Return on cash invested measures 23.53% in year one, and rental yield stands at 9.26% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 123.07% and total cumulative return in cash reaches $46,917. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $887/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54648, Norwalk, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 511 (73.1%) |
| Renter Occupied HU | 111 (15.9%) |
| Vacant Housing Units | 77 (11.0%) |
| Median Home Value | $332,796 |
| Average Home Value | $375,499 |
Housing Distribution
Address Breakdown
Residential
591
Single Family
575
Multi-Family
16
Businesses
28
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