419 & 421 South River BaySpoonerWI54801
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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 Spooner at 419 & 421 South River Bay, Spooner, WI, 54801 uses $46,244 cash to close to unlock $8,287/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,627/mo, and a $683/mo payment keeps the spread at $691/mo. Purchase price stands at $139,500, and rental yield measures 14% with $1,627/mo rent. Return on cash invested shows 37.83% in year one, and 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 199.67% and total cumulative return in cash records $92,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,627/mo property income covering a $683/mo payment rather than investor’s personal income.
Single Family
Built in 1960
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54801, Spooner, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,947 (100%) |
| Owner Occupied HU | 2,358 (47.7%) |
| Renter Occupied HU | 736 (14.9%) |
| Vacant Housing Units | 1,853 (37.5%) |
| Median Home Value | $263,056 |
| Average Home Value | $305,125 |
Housing Distribution
Address Breakdown
Residential
3,384
Single Family
3,273
Multi-Family
111
Businesses
368
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Listed by: Kyle Pierce • Re/Max 4 Seasons, LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1583342
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.