233 West LAYMAN DRIVEMellenWI54546
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
Rental property for sale in Mellen at 233 West LAYMAN DRIVE, Mellen, WI, 54546 offers $2,100/mo rent that, after a $1,087/mo payment, leaves $610/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $7,316/yr on $73,593 cash. Return on cash invested measures 29.85% in year one, and rental yield stands at 11.35% at a $222,000 entry. Equity gained on principal adds $1,433/yr while 5% annual appreciation compounds into $61,335 by year five. Five-year ROI records 156.87% and total cumulative return in cash reaches $115,443. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,087/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
4.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54546, Mellen, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 449 (49.9%) |
| Renter Occupied HU | 134 (14.9%) |
| Vacant Housing Units | 316 (35.2%) |
| Median Home Value | $205,508 |
| Average Home Value | $237,545 |
Housing Distribution
Address Breakdown
Residential
393
Single Family
352
Multi-Family
41
Businesses
41
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