23913 Washington STREETIndependenceWI54747
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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 Independence at 23913 Washington STREET, Independence, WI, 54747 generates $1,456/mo in rent and, after a $929/mo payment, leaves $182/mo in cash flow. Total monthly income is $1,456/mo, and annual cash flow is $2,184/yr on $62,952 invested. Return on cash invested sits at 23.38% in year one, and rental yield is 9.2% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 122.22% and total cumulative return in cash sums $76,937. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,456/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54747, Independence, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,205 (100%) |
| Owner Occupied HU | 750 (62.2%) |
| Renter Occupied HU | 312 (25.9%) |
| Vacant Housing Units | 143 (11.9%) |
| Median Home Value | $248,969 |
| Average Home Value | $357,957 |
Housing Distribution
Address Breakdown
Residential
1,019
Single Family
930
Multi-Family
89
Businesses
42
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Listed by: Stephanie O'Driscoll • Edina Realty, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914809
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.