211 Haring StMellenWI54546
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
Investment property for sale in Mellen at 211 Haring St, Mellen, WI, 54546 offers a 15.96% rental yield on a $130,000 purchase with $1,729/mo rent. Total monthly income registers $1,729/mo, and a $636/mo payment leaves $857/mo available for distribution. Annual cash flow reaches $10,282/yr on $43,095 to close, and return on cash invested stands at 43.77% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 231.49% and total cumulative return in cash at $99,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,729/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54546, Mellen, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 449 (49.9%) |
| Renter Occupied HU | 134 (14.9%) |
| Vacant Housing Units | 316 (35.2%) |
| Median Home Value | $205,508 |
| Average Home Value | $237,545 |
Housing Distribution
Address Breakdown
Residential
393
Single Family
352
Multi-Family
41
Businesses
41
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Nearby investment properties with comparable prices
Listed by: Jessica Nettleton • By the Bay Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117210
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.