403 Spring STREET #401Lake GenevaWI53147
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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 Lake Geneva at 403 Spring STREET #401, Lake Geneva, WI, 53147 generates $4,500/mo in rent and, after a $3,030/mo payment, leaves $345/mo in cash flow. Total monthly income is $4,500/mo, and annual cash flow is $4,146/yr on $203,651 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 8.72% on a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 115.24% and total cumulative return in cash sums $234,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,500/mo property income rather than buyer’s personal income.
Multi Family
Built in 1994
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53147, Lake Geneva, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,290 (100%) |
| Owner Occupied HU | 5,641 (50.0%) |
| Renter Occupied HU | 2,549 (22.6%) |
| Vacant Housing Units | 3,100 (27.5%) |
| Median Home Value | $394,701 |
| Average Home Value | $490,141 |
Housing Distribution
Address Breakdown
Residential
9,443
Single Family
8,488
Multi-Family
955
Businesses
931
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Listed by: Deborah O'Brien • Coldwell Banker Real Estate Group
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915756
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.