3660 Hanson Lake RdRhinelanderWI54501
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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 Rhinelander at 3660 Hanson Lake Rd, Rhinelander, WI, 54501 offers $2,543/mo rent that, after a $2,154/mo payment. Total monthly income is $2,543/mo. Return on cash invested measures 16.53% in year one, and rental yield stands at 6.94% at a $440,000 entry. Equity gained on principal adds $2,839/yr while 5% annual appreciation compounds into $121,564 by year five. Five-year ROI records 85.42% and total cumulative return in cash reaches $124,594. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,543/mo property income versus a $2,154/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
1.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54501, Rhinelander, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,272 (100%) |
| Owner Occupied HU | 7,110 (57.9%) |
| Renter Occupied HU | 2,392 (19.5%) |
| Vacant Housing Units | 2,770 (22.6%) |
| Median Home Value | $249,582 |
| Average Home Value | $307,163 |
Housing Distribution
Address Breakdown
Residential
9,892
Single Family
9,187
Multi-Family
705
Businesses
887
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Listed by: GREG HARVEY • REDMAN REALTY GROUP, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #211696
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.