425 W 8th St #20New RichmondWI54017
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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 Richmond at 425 W 8th St #20, New Richmond, WI, 54017 uses $99,284 cash to close to unlock $10,751/yr annual cash flow and $896/mo monthly cash flow. Total monthly income runs $2,906/mo, and a $1,466/mo payment keeps the spread at $896/mo. Purchase price stands at $299,500, and rental yield measures 11.64% with $2,906/mo rent. Return on cash invested shows 30.74% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 161.6% and total cumulative return in cash records $160,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,906/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Condo
Built in 2025
840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54017, New Richmond, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,605 (100%) |
| Owner Occupied HU | 6,267 (72.8%) |
| Renter Occupied HU | 2,005 (23.3%) |
| Vacant Housing Units | 333 ( 3.9%) |
| Median Home Value | $371,747 |
| Average Home Value | $424,805 |
Housing Distribution
Address Breakdown
Residential
8,602
Single Family
8,124
Multi-Family
478
Businesses
513
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Listed by: Sonja Anderson • Property Executives Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7013123