423 Fargo STREETLake MillsWI53551
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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
Rental property for sale in Lake Mills at 423 Fargo STREET, Lake Mills, WI, 53551 offers $3,119/mo rent that, after a $1,762/mo payment, leaves $703/mo cash flow. Total monthly income is $3,119/mo, and annual cash flow is $8,438/yr on $119,307 cash. Return on cash invested measures 26.98% in year one, and rental yield stands at 10.4% at a $359,900 entry. Equity gained on principal adds $2,322/yr while 5% annual appreciation compounds into $99,434 by year five. Five-year ROI records 141.48% and total cumulative return in cash reaches $168,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,119/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1911
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
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Listed by: Liz Kostroski • NextHome Success-Ft Atkinson
Mls Name: WIREX MLS
Mls ID: #1937554