21953 Spirit Lake Access RdFredericWI54837
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 21953 Spirit Lake Access Rd, Frederic, WI, 54837 in Frederic is listed at $150,000 and delivers $1,300/mo in rent and $293/mo in net monthly cash flow. The 10.4% yield and 1.93 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $41,442 over five years, and $1,382/yr in principal reduction supplements cash return. Total projected cumulative return: $76,160.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $293 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,300 |
| Total Monthly Debt Service | $947 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54837, Frederic, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,306 (100%) |
| Owner Occupied HU | 1,451 (62.9%) |
| Renter Occupied HU | 324 (14.1%) |
| Vacant Housing Units | 531 (23.0%) |
| Median Home Value | $260,132 |
| Average Home Value | $294,266 |
Housing Distribution
Address Breakdown
Residential
1,748
Single Family
1,632
Multi-Family
116
Businesses
110
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
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54837, Frederic, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,306 (100%) |
| Owner Occupied HU | 1,451 (62.9%) |
| Renter Occupied HU | 324 (14.1%) |
| Vacant Housing Units | 531 (23.0%) |
| Median Home Value | $260,132 |
| Average Home Value | $294,266 |
Housing Distribution
Address Breakdown
Residential
1,748
Single Family
1,632
Multi-Family
116
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices