408 Michigan AVENUESheboyganWI53070
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 408 Michigan AVENUE, Sheboygan, WI, 53070 in Sheboygan at $524,900. Rental yield 7.23%. The 7.23% yield and 1.34 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $145,020 by year five, and $4,834/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $177,127.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.8% |
| Monthly Cash Flow | $(359) | $450 |
City averages based on Sheboygan market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,163 |
| Total Monthly Debt Service | $3,314 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53070, Oostburg, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 1,568 (72.5%) |
| Renter Occupied HU | 344 (15.9%) |
| Vacant Housing Units | 250 (11.6%) |
| Median Home Value | $324,717 |
| Average Home Value | $374,239 |
Housing Distribution
Address Breakdown
Residential
2,035
Single Family
1,973
Multi-Family
62
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2006
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53070, Oostburg, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,162 (100%) |
| Owner Occupied HU | 1,568 (72.5%) |
| Renter Occupied HU | 344 (15.9%) |
| Vacant Housing Units | 250 (11.6%) |
| Median Home Value | $324,717 |
| Average Home Value | $374,239 |
Housing Distribution
Address Breakdown
Residential
2,035
Single Family
1,973
Multi-Family
62
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices