481 West South STREET UNIT 1BLake GenevaWI53147
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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 Lake Geneva at 481 West South STREET UNIT 1B, Lake Geneva, WI, 53147 uses $119,009 cash to close to unlock $550/yr annual cash flow and $46/mo monthly cash flow. Total monthly income runs $2,555/mo, and a $1,757/mo payment keeps the spread at $46/mo. Purchase price stands at $359,000, and rental yield measures 8.54% with $2,555/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 106.37% and total cumulative return in cash records $126,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,555/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53147, Lake Geneva, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,290 (100%) |
| Owner Occupied HU | 5,641 (50.0%) |
| Renter Occupied HU | 2,549 (22.6%) |
| Vacant Housing Units | 3,100 (27.5%) |
| Median Home Value | $394,701 |
| Average Home Value | $490,141 |
Housing Distribution
Address Breakdown
Residential
9,443
Single Family
8,488
Multi-Family
955
Businesses
931
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Listed by: Legendary Team* • Legendary Real Estate Services
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913883
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.