230 DRAKE STREETWisconsin RapidsWI54494
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
Investment Highlights
Investment property for sale in Wisconsin Rapids at 230 DRAKE STREET, Wisconsin Rapids, WI, 54494 with 5% annual appreciation on a $178,900 basis while $1,331/mo rent supports operations. Total monthly income totals $1,331/mo and a $876/mo payment preserves $130/mo for cash returns. Annual cash flow comes to $1,560/yr on $59,305 deployed, and return on cash invested reaches 22.54% in year one. Equity gained on principal adds $1,154/yr, and five-year appreciation sums $49,427 alongside rental yield of 8.93%. Five-year ROI measures 117.63% and total cumulative return in cash totals $69,763.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,331/mo property income versus a $876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54494, Wisconsin Rapids, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,906 (100%) |
| Owner Occupied HU | 9,146 (70.9%) |
| Renter Occupied HU | 2,982 (23.1%) |
| Vacant Housing Units | 778 ( 6.0%) |
| Median Home Value | $227,291 |
| Average Home Value | $257,662 |
Housing Distribution
Address Breakdown
Residential
12,386
Single Family
11,949
Multi-Family
437
Businesses
679
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CAROLYN MCNAMARA • eXp Realty, LLC
Mls Name: WIREX MLS
Mls ID: #22504705