23923 Washington StreetIndependenceWI54747
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 23923 Washington Street, Independence, WI, 54747 in Independence speaks for itself: 13.26% gross on a $155,000 price, generating $1,712/mo in rent and $672/mo in net income after the $697/mo debt service. DSCR 2.46, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,066 stacks alongside $42,824 in projected five-year appreciation and $1,428/yr in principal reduction. Projected total cumulative return: $102,390.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 6.2% |
| Monthly Cash Flow | $672 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,712 |
| Total Monthly Debt Service | $979 |
| DSCR Ratio | 1.75x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
5,144 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
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
Single Family
Built in 1900
5,144 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Back • Hansen Real Estate Group
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1591794
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved