427 Lake DrMellenWI54546
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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
Investment property for sale in Mellen at 427 Lake Dr, Mellen, WI, 54546 earns $116/mo cash flow from $1,962/mo rent with a $1,346/mo payment. Total monthly income totals $1,962/mo, and annual cash flow totals $1,397/yr on $91,163 capital. ROI tracks 21.44% on current figures, and rental yield reads 8.56% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 111.77% and total cumulative return in cash sums $101,891. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,962/mo property income instead of your personal income.
Single Family
Built in 1887
0.95 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: Faith Mauritz • Coldwell Banker Realty - Ashland
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6117436
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.