389 45th AveClear LakeWI54005
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Clear Lake at 389 45th Ave, Clear Lake, WI, 54005 generates $2,490/mo in rent, after a $2,349/mo payment. Total monthly income is $2,490/mo. Return on cash invested sits at 14.4% in year one, and rental yield is 6.23% on a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 73.98% and total cumulative return in cash sums $117,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,490/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
20.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54005, Clear Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,347 (100%) |
| Owner Occupied HU | 986 (73.2%) |
| Renter Occupied HU | 266 (19.7%) |
| Vacant Housing Units | 95 ( 7.1%) |
| Median Home Value | $279,245 |
| Average Home Value | $317,391 |
Housing Distribution
Address Breakdown
Residential
1,249
Single Family
1,156
Multi-Family
93
Businesses
83
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darin J. Moravitz • Dane Arthur Real Estate Agency
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6811208