224 Lookout DRIVELake GenevaWI53147
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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
Rental property for sale in Lake Geneva at 224 Lookout DRIVE, Lake Geneva, WI, 53147 priced at $769,000 pairs $3,619/mo rent with after a $3,764/mo payment. Total monthly income equals $3,619/mo. Return on cash invested is 12.75% in year one, and rental yield stands at 5.65% on a $769,000 basis. Equity gained on principal adds $4,962/yr, and 5% annual appreciation accumulates to $212,461 by year five. Five-year ROI measures 65.08% and total cumulative return in cash reaches $164,659. For financing, Ziffy Mortgage’s DSCR program evaluates $3,619/mo property income against a $3,764/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53147, Lake Geneva, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,290 (100%) |
| Owner Occupied HU | 5,641 (50.0%) |
| Renter Occupied HU | 2,549 (22.6%) |
| Vacant Housing Units | 3,100 (27.5%) |
| Median Home Value | $394,701 |
| Average Home Value | $490,141 |
Housing Distribution
Address Breakdown
Residential
9,443
Single Family
8,488
Multi-Family
955
Businesses
931
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Listed by: Mary Black • RE/MAX Suburban-Lake Zurich
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914515
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.