229 North Ludington StreetColumbusWI53925
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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 Columbus at 229 North Ludington Street, Columbus, WI, 53925 priced at $899,000 converts $1,950/mo rent into after a $4,400/mo obligation. Total monthly income equals $1,950/mo. Return on cash invested prints 3.49% in year one, and rental yield reads 2.6% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 15.47% and total cumulative return in cash sums $45,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Single Family
Built in 1868
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53925, Columbus, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,651 (100%) |
| Owner Occupied HU | 2,487 (68.1%) |
| Renter Occupied HU | 952 (26.1%) |
| Vacant Housing Units | 212 ( 5.8%) |
| Median Home Value | $308,765 |
| Average Home Value | $355,732 |
Housing Distribution
Address Breakdown
Residential
3,552
Single Family
3,295
Multi-Family
257
Businesses
325
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Listed by: Joanna Janas • Sprinkman Real Estate
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1998431
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.