390 North 3rd StreetPlattevilleWI53818
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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 Platteville at 390 North 3rd Street, Platteville, WI, 53818 offers a 17.39% rental yield on a $124,900 purchase with $1,810/mo rent. Total monthly income registers $1,810/mo, and a $611/mo payment leaves $972/mo available for distribution. Annual cash flow reaches $11,665/yr on $41,404 to close, and return on cash invested stands at 48.08% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 254.72% and total cumulative return in cash at $105,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,810/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53818, Platteville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,107 (100%) |
| Owner Occupied HU | 2,972 (48.7%) |
| Renter Occupied HU | 2,611 (42.8%) |
| Vacant Housing Units | 524 ( 8.6%) |
| Median Home Value | $245,497 |
| Average Home Value | $290,977 |
Housing Distribution
Address Breakdown
Residential
5,737
Single Family
4,655
Multi-Family
1,082
Businesses
508
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Listed by: Stacy Kramer • Lori Droessler Real Estate, In
Mls Name: WIREX MLS
Mls ID: #2008091