346 West Prospect STREETLake 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 346 West Prospect STREET, Lake Mills, WI, 53551 uses $87,848 cash to close to unlock $4,219/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $2,130/mo, and a $1,297/mo payment keeps the spread at $352/mo. Purchase price stands at $265,000, and rental yield measures 9.65% with $2,130/mo rent. Return on cash invested shows 24.71% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 129.31% and total cumulative return in cash records $113,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,130/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.32 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: Tommy Gohsman • RE/MAX Community Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1893546
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.