346 Leonard STREET NORTH NorthWest SalemWI54669
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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 West Salem at 346 Leonard STREET NORTH North, West Salem, WI, 54669 priced at $399,900 pairs $2,400/mo rent with after a $1,957/mo payment. Total monthly income equals $2,400/mo. Return on cash invested is 17.34% in year one, and rental yield stands at 7.2% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 89.78% and total cumulative return in cash reaches $119,012. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1913
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54669, West Salem, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,562 (100%) |
| Owner Occupied HU | 2,492 (70.0%) |
| Renter Occupied HU | 791 (22.2%) |
| Vacant Housing Units | 279 ( 7.8%) |
| Median Home Value | $340,584 |
| Average Home Value | $381,941 |
Housing Distribution
Address Breakdown
Residential
3,342
Single Family
3,109
Multi-Family
233
Businesses
260
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Listed by: David Snyder • Gerrard-Hoeschler, REALTORS
Mls Name: WIREX MLS
Mls ID: #1948709