502 Laurel Lake ROAD #5MequonWI53092
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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 Mequon at 502 Laurel Lake ROAD #5, Mequon, WI, 53092 priced at $186,900 converts $1,450/mo rent into after a $915/mo obligation. Total monthly income equals $1,450/mo. Return on cash invested prints 14.01% in year one, and rental yield reads 9.31% against a $186,900 entry. Equity gained on principal adds $1,206/yr, while 5% annual appreciation compiles into $51,637 by year five. Five-year ROI reaches 75.46% and total cumulative return in cash sums $46,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,450/mo property income covering a $915/mo payment, not borrower’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53092, Thiensville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,948 (100%) |
| Owner Occupied HU | 7,412 (74.5%) |
| Renter Occupied HU | 1,846 (18.6%) |
| Vacant Housing Units | 690 ( 6.9%) |
| Median Home Value | $501,205 |
| Average Home Value | $578,299 |
Housing Distribution
Address Breakdown
Residential
9,622
Single Family
8,360
Multi-Family
1,262
Businesses
1,405
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