421 S Main StMellenWI54546
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 Mellen at 421 S Main St, Mellen, WI, 54546 priced at $150,000 converts $1,871/mo rent into $865/mo cash flow after a $734/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $10,374/yr on $49,725 invested. Return on cash invested prints 40.77% in year one, and rental yield reads 14.97% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 215.42% and total cumulative return in cash sums $107,118. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1800
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54546, Mellen, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 449 (49.9%) |
| Renter Occupied HU | 134 (14.9%) |
| Vacant Housing Units | 316 (35.2%) |
| Median Home Value | $205,508 |
| Average Home Value | $237,545 |
Housing Distribution
Address Breakdown
Residential
393
Single Family
352
Multi-Family
41
Businesses
41
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Nearby investment properties with comparable prices
Listed by: Jessica Nettleton • By the Bay Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118802
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.