505 West Prospect STREET, Lake Mills, WI, 53551 | $531/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake Mills at 505 West Prospect STREET, Lake Mills, WI, 53551 listed at $283,100 pairs $2,431/mo rent with a $1,386/mo payment to leave $531/mo cash flow. Total monthly income runs $2,431/mo, and annual cash flow reaches $6,368/yr on $93,848 cash to close. Return on cash invested measures 26.69% in year one, and rental yield registers 10.3% at a $283,100 basis. Equity gained on principal adds $1,827/yr, and annual property appreciation at 5% supports $78,215 by year five. Five-year ROI tracks 139.92% and total cumulative return in cash totals $131,314. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,431/mo property income relative to a $1,386/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1960

10,454 sqft 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