311 E Park Ave #204MinocquaWI54548
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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
Rental property for sale in Minocqua at 311 E Park Ave #204, Minocqua, WI, 54548 generates $2,597/mo in rent, after a $3,377/mo payment. Total monthly income is $2,597/mo. Return on cash invested sits at 9.31% in year one, and rental yield is 4.52% on a $690,000 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 46.67% and total cumulative return in cash sums $105,944. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,597/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54548, Minocqua, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,471 (100%) |
| Owner Occupied HU | 2,158 (39.4%) |
| Renter Occupied HU | 545 ( 10.0%) |
| Vacant Housing Units | 2,768 (50.6%) |
| Median Home Value | $407,209 |
| Average Home Value | $515,123 |
Housing Distribution
Address Breakdown
Residential
3,447
Single Family
3,216
Multi-Family
231
Businesses
451
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Listed by: MARK MILLEN • SHOREWEST - MINOCQUA
Mls Name: GNMLS
Mls Provider:
Mls ID: #211992
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.