254 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
Rental property for sale in Algoma at 254 Mill St, Algoma, WI, 54201 offers $1,267/mo rent that, after a $773/mo payment, leaves $207/mo cash flow. Total monthly income is $1,267/mo, and annual cash flow is $2,486/yr on $52,344 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 9.63% at a $157,900 entry. Equity gained on principal adds $1,019/yr while 5% annual appreciation compounds into $43,625 by year five. Five-year ROI records 129.07% and total cumulative return in cash reaches $67,562. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,267/mo property income versus a $773/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
6,098 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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Listed by: Amy Bruechert • Keller Williams
Mls Name: Door County MLS
Mls Provider:
Mls ID: #143970
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.