2302 Norway Point RdPelican LakeWI54463
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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 Pelican Lake at 2302 Norway Point Rd, Pelican Lake, WI, 54463 uses $91,129 cash to close to unlock $667/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $1,346/mo payment keeps the spread at $56/mo. Purchase price stands at $274,900, and rental yield measures 8.29% with $1,900/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 107.46% and total cumulative return in cash records $97,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2001
4.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54463, Pelican Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,007 (100%) |
| Owner Occupied HU | 347 (34.5%) |
| Renter Occupied HU | 48 ( 4.8%) |
| Vacant Housing Units | 612 (60.8%) |
| Median Home Value | $314,198 |
| Average Home Value | $364,366 |
Housing Distribution
Address Breakdown
Residential
472
Single Family
464
Multi-Family
8
Businesses
31
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Listed by: LESLIE BOYEA • QUORUM ENTERPRISES, INC.
Mls Name: GNMLS
Mls ID: #213203