237 Mill StAlgomaWI54201
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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 Algoma at 237 Mill St, Algoma, WI, 54201 offers a 10.41% rental yield on a $211,000 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,033/mo payment leaves $414/mo available for distribution. Annual cash flow reaches $4,964/yr on $69,947 to close, and return on cash invested stands at 27.01% in year one. Equity gained on principal adds $1,362/yr while 5% annual appreciation supports $58,295 over five years. Portfolio math shows five-year ROI at 141.6% and total cumulative return in cash at $99,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,033/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54201, Algoma, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,771 (65.9%) |
| Renter Occupied HU | 525 (19.5%) |
| Vacant Housing Units | 393 (14.6%) |
| Median Home Value | $198,164 |
| Average Home Value | $241,745 |
Housing Distribution
Address Breakdown
Residential
2,489
Single Family
2,392
Multi-Family
97
Businesses
171
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