406 North 3RD STREETColbyWI54421
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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 Colby at 406 North 3RD STREET, Colby, WI, 54421 offers a 6.47% rental yield on a $299,000 purchase with $1,613/mo rent. 15% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 77.99% and total cumulative return in cash at $77,302. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,613/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54421, Colby, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,357 (100%) |
| Owner Occupied HU | 954 (70.3%) |
| Renter Occupied HU | 346 (25.5%) |
| Vacant Housing Units | 57 ( 4.2%) |
| Median Home Value | $191,875 |
| Average Home Value | $283,910 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,190
Multi-Family
105
Businesses
78
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