4642 Ridge CtManitowocWI54220
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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 Manitowoc at 4642 Ridge Ct, Manitowoc, WI, 54220 generates $1,509/mo in rent and, after a $978/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,509/mo, and annual cash flow is $2,014/yr on $66,267 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 9.06% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash sums $79,405. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,509/mo property income rather than buyer’s personal income.
Condo
Built in 2005
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54220, Manitowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,428 (100%) |
| Owner Occupied HU | 12,146 (62.5%) |
| Renter Occupied HU | 6,034 (31.1%) |
| Vacant Housing Units | 1,248 ( 6.4%) |
| Median Home Value | $201,041 |
| Average Home Value | $249,459 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
16,603
Multi-Family
1,843
Businesses
1,021
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