309 2nd St NEagle RiverWI54521
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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 Eagle River at 309 2nd St N, Eagle River, WI, 54521 uses $95,804 cash to close to unlock $8,400/yr annual cash flow and $700/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,415/mo payment keeps the spread at $700/mo. Purchase price stands at $289,000, and rental yield measures 10.96% with $2,640/mo rent. Return on cash invested shows 28.68% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 150.52% and total cumulative return in cash records $144,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54521, Eagle River, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,085 (100%) |
| Owner Occupied HU | 3,316 (41.0%) |
| Renter Occupied HU | 754 ( 9.3%) |
| Vacant Housing Units | 4,015 (49.7%) |
| Median Home Value | $349,465 |
| Average Home Value | $405,066 |
Housing Distribution
Address Breakdown
Residential
4,580
Single Family
4,534
Multi-Family
46
Businesses
487
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Listed by: THE MERZ AND GOLDSWORTHY TEAM • RE/MAX PROPERTY PROS
Mls Name: GNMLS
Mls Provider:
Mls ID: #211989
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.