505 North Main StreetFort AtkinsonWI53538
Nearby investment properties with comparable rents
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
Rental property for sale in Fort Atkinson at 505 North Main Street, Fort Atkinson, WI, 53538 priced at $239,900 converts $2,287/mo rent into $677/mo cash flow after a $1,174/mo obligation. Total monthly income equals $2,287/mo, and annual cash flow totals $8,126/yr on $79,527 invested. Return on cash invested prints 30.13% in year one, and rental yield reads 11.44% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 158.37% and total cumulative return in cash sums $125,947. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,287/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53538, Fort Atkinson, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,379 (100%) |
| Owner Occupied HU | 5,578 (66.6%) |
| Renter Occupied HU | 2,294 (27.4%) |
| Vacant Housing Units | 507 ( 6.1%) |
| Median Home Value | $326,653 |
| Average Home Value | $363,095 |
Housing Distribution
Address Breakdown
Residential
8,082
Single Family
7,278
Multi-Family
804
Businesses
566
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Listed by: Grace Foelker • Fort Real Estate Company LLC
Mls Name: WIREX MLS
Mls ID: #2006081