208 3rd Ave #201AshlandWI54806
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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 Ashland at 208 3rd Ave #201, Ashland, WI, 54806 generates $2,865/mo in rent, after a $2,247/mo payment. Total monthly income is $2,865/mo. Return on cash invested sits at 15.45% in year one, and rental yield is 7.49% on a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 80.62% and total cumulative return in cash sums $122,663. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,865/mo property income rather than buyer’s personal income.
Condo
Built in 2024
4,791 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54806, Ashland, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,714 (100%) |
| Owner Occupied HU | 3,451 (60.4%) |
| Renter Occupied HU | 1,696 (29.7%) |
| Vacant Housing Units | 567 ( 9.9%) |
| Median Home Value | $214,817 |
| Average Home Value | $254,406 |
Housing Distribution
Address Breakdown
Residential
4,925
Single Family
4,455
Multi-Family
470
Businesses
550
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Listed by: Jay Emmert • Coldwell Banker Realty - Ashland
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117572
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.