407 Patricia STREET #409ElkhornWI53121
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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 Elkhorn at 407 Patricia STREET #409, Elkhorn, WI, 53121 generates $2,148/mo in rent, after a $2,325/mo payment. Total monthly income is $2,148/mo. Return on cash invested sits at 11.98% in year one, and rental yield is 5.43% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 61.06% and total cumulative return in cash sums $96,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,148/mo property income rather than buyer’s personal income.
Multi Family
Built in 1994
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53121, Elkhorn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,796 (100%) |
| Owner Occupied HU | 5,666 (64.4%) |
| Renter Occupied HU | 2,000 (22.7%) |
| Vacant Housing Units | 1,130 (12.8%) |
| Median Home Value | $358,424 |
| Average Home Value | $427,617 |
Housing Distribution
Address Breakdown
Residential
8,416
Single Family
7,901
Multi-Family
515
Businesses
722
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