219 N 8th Ave WWashburnWI54891
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 Washburn at 219 N 8th Ave W, Washburn, WI, 54891 offers $1,312/mo rent that, after a $807/mo payment, leaves $205/mo cash flow. Total monthly income is $1,312/mo, and annual cash flow is $2,465/yr on $54,664 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 9.55% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 127.77% and total cumulative return in cash reaches $69,844. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,312/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54891, Washburn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,909 (100%) |
| Owner Occupied HU | 1,265 (66.3%) |
| Renter Occupied HU | 356 (18.6%) |
| Vacant Housing Units | 288 (15.1%) |
| Median Home Value | $254,500 |
| Average Home Value | $289,628 |
Housing Distribution
Address Breakdown
Residential
1,365
Single Family
1,261
Multi-Family
104
Businesses
125
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Nearby investment properties with comparable prices
Listed by: Ben Bouesso • Porter Realty LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116964
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.