408 Wallace StNew LondonWI54961
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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 New London at 408 Wallace St, New London, WI, 54961 with 5% annual appreciation on a $149,900 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $734/mo payment preserves $396/mo for cash returns. Annual cash flow comes to $4,748/yr on $49,692 deployed, and return on cash invested reaches 29.46% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 11.22%. Five-year ROI measures 154.79% and total cumulative return in cash totals $76,919.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1918
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54961, New London, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,459 (100%) |
| Owner Occupied HU | 4,442 (68.8%) |
| Renter Occupied HU | 1,503 (23.3%) |
| Vacant Housing Units | 514 ( 8.0%) |
| Median Home Value | $271,726 |
| Average Home Value | $307,559 |
Housing Distribution
Address Breakdown
Residential
6,175
Single Family
5,719
Multi-Family
456
Businesses
364
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Listed by: Jayden Henton • Real Broker LLC
Mls Name: RANW
Mls ID: #50313772