34 North 2nd StBayfieldWI54814
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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 34 North 2nd St, Bayfield, WI, 54814 listed at $280,000 pairs $1,967/mo rent with a $1,370/mo payment to leave $74/mo cash flow. Total monthly income runs $1,967/mo, and annual cash flow reaches $889/yr on $92,820 cash to close. Return on cash invested measures 20.87% in year one, and rental yield registers 8.43% at a $280,000 basis. Equity gained on principal adds $1,807/yr, and annual property appreciation at 5% supports $77,359 by year five. Five-year ROI tracks 108.77% and total cumulative return in cash totals $100,965. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,967/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
0.33 Acres 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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