2193 Julie AVENUESpartaWI54656
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 Sparta at 2193 Julie AVENUE, Sparta, WI, 54656 priced at $275,000 converts $3,133/mo rent into $1,287/mo cash flow after a $1,346/mo obligation. Total monthly income equals $3,133/mo, and annual cash flow totals $15,449/yr on $91,163 invested. Return on cash invested prints 36.86% in year one, and rental yield reads 13.67% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 194.43% and total cumulative return in cash sums $177,251. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,133/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2009
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54656, Sparta, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,833 (100%) |
| Owner Occupied HU | 5,191 (66.3%) |
| Renter Occupied HU | 2,189 (27.9%) |
| Vacant Housing Units | 453 ( 5.8%) |
| Median Home Value | $242,815 |
| Average Home Value | $274,568 |
Housing Distribution
Address Breakdown
Residential
7,665
Single Family
7,334
Multi-Family
331
Businesses
527
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