307 South Main STREETLake MillsWI53551
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 307 South Main STREET, Lake Mills, WI, 53551 in Lake Mills: $1,901/mo in rent, $667/mo net, 12.53% gross yield, all on a $182,000 acquisition. The 2.32 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $50,283 in value, and $1,676/yr in principal paydown steadily builds equity. Projected total cumulative return: $112,432.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 6.2% |
| Monthly Cash Flow | $667 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,901 |
| Total Monthly Debt Service | $1,161 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1878
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1878
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Zimmermann • RE/MAX Community Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1930912
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved