505 North Main StreetLake MillsWI53551
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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 Mills at 505 North Main Street, Lake Mills, WI, 53551 uses $72,930 cash to close to unlock $11,008/yr annual cash flow and $917/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,077/mo payment keeps the spread at $917/mo. Purchase price stands at $220,000, and rental yield measures 13.06% with $2,394/mo rent. Return on cash invested shows 35% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 184.52% and total cumulative return in cash records $134,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
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Listed by: Lorri & Tanya Team • Restaino & Associates
Mls Name: WIREX MLS
Mls ID: #2006260