2639 West Honadel BOULEVARDOak CreekWI53154
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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 Oak Creek at 2639 West Honadel BOULEVARD, Oak Creek, WI, 53154 offers a 10.09% rental yield on a $350,000 purchase with $2,944/mo rent. Total monthly income registers $2,944/mo, and a $1,713/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,542/yr on $116,025 to close, and return on cash invested stands at 22.96% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 121.05% and total cumulative return in cash at $140,450. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,944/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53154, Oak Creek, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,821 (100%) |
| Owner Occupied HU | 8,928 (53.1%) |
| Renter Occupied HU | 6,972 (41.4%) |
| Vacant Housing Units | 921 ( 5.5%) |
| Median Home Value | $342,543 |
| Average Home Value | $352,353 |
Housing Distribution
Address Breakdown
Residential
16,679
Single Family
13,579
Multi-Family
3,100
Businesses
980
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