229 Moraine DRIVEElkhart LakeWI53020
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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 Elkhart Lake at 229 Moraine DRIVE, Elkhart Lake, WI, 53020 with 5% annual appreciation on a $314,900 basis while $2,357/mo rent supports operations. Total monthly income totals $2,357/mo and a $1,541/mo payment preserves $244/mo for cash returns. Annual cash flow comes to $2,927/yr on $104,389 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $2,032/yr, and five-year appreciation sums $87,001 alongside rental yield of 8.98%. Five-year ROI measures 118.55% and total cumulative return in cash totals $123,754.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,357/mo property income versus a $1,541/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
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Listed by: Alison Smith • Home Transitions LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914530
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.