338 East Grant STREETElkhornWI53121
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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 Elkhorn at 338 East Grant STREET, Elkhorn, WI, 53121 offers $2,702/mo rent that, after a $1,855/mo payment, leaves $159/mo cash flow. Total monthly income is $2,702/mo, and annual cash flow is $1,904/yr on $125,605 cash. Return on cash invested measures 21.42% in year one, and rental yield stands at 8.56% at a $378,900 entry. Equity gained on principal adds $2,445/yr while 5% annual appreciation compounds into $104,683 by year five. Five-year ROI records 111.67% and total cumulative return in cash reaches $140,259. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,702/mo property income versus a $1,855/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53121, Elkhorn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,796 (100%) |
| Owner Occupied HU | 5,666 (64.4%) |
| Renter Occupied HU | 2,000 (22.7%) |
| Vacant Housing Units | 1,130 (12.8%) |
| Median Home Value | $358,424 |
| Average Home Value | $427,617 |
Housing Distribution
Address Breakdown
Residential
8,416
Single Family
7,901
Multi-Family
515
Businesses
722
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Listed by: Jeff Braun • Jeff Braun Realty, LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1893330
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.