400 South Rice Street #23WhitewaterWI53190
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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 Whitewater at 400 South Rice Street #23, Whitewater, WI, 53190 offers a 10.16% rental yield on a $265,000 purchase with $2,244/mo rent. Total monthly income registers $2,244/mo, and a $1,297/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,587/yr on $87,848 to close, and return on cash invested stands at 26.27% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 137.66% and total cumulative return in cash at $120,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,244/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53190, Whitewater, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,036 (100%) |
| Owner Occupied HU | 3,369 (41.9%) |
| Renter Occupied HU | 3,558 (44.3%) |
| Vacant Housing Units | 1,109 (13.8%) |
| Median Home Value | $340,859 |
| Average Home Value | $405,181 |
Housing Distribution
Address Breakdown
Residential
7,149
Single Family
5,487
Multi-Family
1,662
Businesses
490
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Listed by: Lori Platner • Platner Realty
Mls Name: WIREX MLS
Mls ID: #2003646