234 Watertower CIRCLEIron RidgeWI53035
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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 Iron Ridge at 234 Watertower CIRCLE, Iron Ridge, WI, 53035 priced at $399,900 pairs $2,610/mo rent with after a $1,957/mo payment. Total monthly income equals $2,610/mo. Return on cash invested is 19.24% in year one, and rental yield stands at 7.83% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 99.97% and total cumulative return in cash reaches $132,524. For financing, Ziffy Mortgage’s DSCR program evaluates $2,610/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53035, Iron Ridge, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 838 (79.8%) |
| Renter Occupied HU | 154 (14.7%) |
| Vacant Housing Units | 58 ( 5.5%) |
| Median Home Value | $304,813 |
| Average Home Value | $364,156 |
Housing Distribution
Address Breakdown
Residential
903
Single Family
896
Multi-Family
7
Businesses
32
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Listed by: Kelly Leitner • Leitner Properties
Mls Name: WIREX MLS
Mls ID: #1939272