220 Summit AVENUEOconomowocWI53066
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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
Investment property for sale in Oconomowoc at 220 Summit AVENUE, Oconomowoc, WI, 53066 uses $105,318 cash to close to unlock $2,410/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $2,333/mo, and a $1,555/mo payment keeps the spread at $201/mo. Purchase price stands at $317,700, and rental yield measures 8.81% with $2,333/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $87,775 over five years. Five-year ROI reaches 115.8% and total cumulative return in cash records $121,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,333/mo property income covering a $1,555/mo payment rather than investor’s personal income.
Single Family
Built in 1901
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53066, Oconomowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,361 (100%) |
| Owner Occupied HU | 12,168 (70.1%) |
| Renter Occupied HU | 3,814 (22.0%) |
| Vacant Housing Units | 1,379 ( 7.9%) |
| Median Home Value | $467,611 |
| Average Home Value | $564,485 |
Housing Distribution
Address Breakdown
Residential
16,805
Single Family
15,139
Multi-Family
1,666
Businesses
1,038
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Listed by: Paul Liebe • Lake Country Flat Fee
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1890369
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.