311 Prairie AVENUELake MillsWI53551
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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 Lake Mills at 311 Prairie AVENUE, Lake Mills, WI, 53551 with 5% annual appreciation on a $325,000 basis while $2,713/mo rent supports operations. Total monthly income totals $2,713/mo and a $1,591/mo payment preserves $532/mo for cash returns. Annual cash flow comes to $6,379/yr on $107,738 deployed, and return on cash invested reaches 25.83% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 10.02%. Five-year ROI measures 135.29% and total cumulative return in cash totals $145,753.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,713/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
0.28 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
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Listed by: Ginger Ramsey • Shine Realty
Mls Name: WIREX MLS
Mls ID: #1931549