33 N 1st St UNIT 203BayfieldWI54814
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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 Bayfield at 33 N 1st St UNIT 203, Bayfield, WI, 54814 uses $89,174 cash to close to unlock $4,840/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,209/mo, and a $1,317/mo payment keeps the spread at $403/mo. Purchase price stands at $269,000, and rental yield measures 9.85% with $2,209/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 132.66% and total cumulative return in cash records $118,295. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,209/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54814, Bayfield, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,886 (100%) |
| Owner Occupied HU | 876 (46.4%) |
| Renter Occupied HU | 432 (22.9%) |
| Vacant Housing Units | 578 (30.6%) |
| Median Home Value | $317,600 |
| Average Home Value | $331,558 |
Housing Distribution
Address Breakdown
Residential
784
Single Family
700
Multi-Family
84
Businesses
138
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