310 Condit STREETSpartaWI54656
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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 Sparta at 310 Condit STREET, Sparta, WI, 54656 uses $61,991 cash to close to unlock $2,919/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,498/mo, and a $915/mo payment keeps the spread at $243/mo. Purchase price stands at $187,000, and rental yield measures 9.61% with $1,498/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash records $79,866. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,498/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54656, Sparta, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,833 (100%) |
| Owner Occupied HU | 5,191 (66.3%) |
| Renter Occupied HU | 2,189 (27.9%) |
| Vacant Housing Units | 453 ( 5.8%) |
| Median Home Value | $242,815 |
| Average Home Value | $274,568 |
Housing Distribution
Address Breakdown
Residential
7,665
Single Family
7,334
Multi-Family
331
Businesses
527
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