245 1st Ave WClear LakeWI54005
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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 Clear Lake at 245 1st Ave W, Clear Lake, WI, 54005 uses $82,544 cash to close to unlock $1,544/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,219/mo payment keeps the spread at $129/mo. Purchase price stands at $249,000, and rental yield measures 8.67% with $1,800/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash records $93,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1911
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54005, Clear Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,347 (100%) |
| Owner Occupied HU | 986 (73.2%) |
| Renter Occupied HU | 266 (19.7%) |
| Vacant Housing Units | 95 ( 7.1%) |
| Median Home Value | $279,245 |
| Average Home Value | $317,391 |
Housing Distribution
Address Breakdown
Residential
1,249
Single Family
1,156
Multi-Family
93
Businesses
83
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Listed by: Hana M Hammer • EXP Realty, LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6781442