29020 Tulip RdMellenWI54546
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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 Mellen at 29020 Tulip Rd, Mellen, WI, 54546 uses $66,300 cash to close to unlock $6,596/yr annual cash flow and $550/mo monthly cash flow. Total monthly income runs $1,892/mo, and a $979/mo payment keeps the spread at $550/mo. Purchase price stands at $200,000, and rental yield measures 11.35% with $1,892/mo rent. Return on cash invested shows 29.86% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 156.9% and total cumulative return in cash records $104,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,892/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1980
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54546, Mellen, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 449 (49.9%) |
| Renter Occupied HU | 134 (14.9%) |
| Vacant Housing Units | 316 (35.2%) |
| Median Home Value | $205,508 |
| Average Home Value | $237,545 |
Housing Distribution
Address Breakdown
Residential
393
Single Family
352
Multi-Family
41
Businesses
41
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Listed by: Brooke Ofstad • By the Bay Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116279
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.