23942 Tracy 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 23942 Tracy Street, Independence, WI, 54747 generates $1,576/mo in rent and, after a $1,125/mo payment, leaves $33/mo in cash flow. Total monthly income is $1,576/mo, and annual cash flow is $400/yr on $76,212 invested. Return on cash invested sits at 20.43% in year one, and rental yield is 8.23% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 106.36% and total cumulative return in cash sums $81,059. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,576/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,588 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: Jamie Back • Hansen Real Estate Group
Mls Name: WIREX MLS
Mls ID: #1595716