408 West Messenger StreetRice LakeWI54868
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
Investment Highlights
Rental property for sale in Rice Lake at 408 West Messenger Street, Rice Lake, WI, 54868 offers $1,200/mo rent that, after a $969/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 17.56% in year one, and rental yield stands at 7.28% at a $197,900 entry. Equity gained on principal adds $1,277/yr while 5% annual appreciation compounds into $54,676 by year five. Five-year ROI records 90.94% and total cumulative return in cash reaches $59,661. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $969/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54868, Rice Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,937 (100%) |
| Owner Occupied HU | 4,889 (61.6%) |
| Renter Occupied HU | 2,225 (28.0%) |
| Vacant Housing Units | 823 (10.4%) |
| Median Home Value | $248,556 |
| Average Home Value | $301,125 |
Housing Distribution
Address Breakdown
Residential
7,298
Single Family
6,430
Multi-Family
868
Businesses
744
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chasity Pike • Keller Williams Realty Diversified Chetek
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1590114
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.