506 South MAIN STREETColbyWI54421
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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 Colby at 506 South MAIN STREET, Colby, WI, 54421 listed at $249,000 pairs $2,249/mo rent with a $1,219/mo payment to leave $578/mo cash flow. Total monthly income runs $2,249/mo, and annual cash flow reaches $6,932/yr on $82,544 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 10.84% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 148.59% and total cumulative return in cash totals $122,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,249/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54421, Colby, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,357 (100%) |
| Owner Occupied HU | 954 (70.3%) |
| Renter Occupied HU | 346 (25.5%) |
| Vacant Housing Units | 57 ( 4.2%) |
| Median Home Value | $191,875 |
| Average Home Value | $283,910 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,190
Multi-Family
105
Businesses
78
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Listed by: Kelly Kleist • C21 DAIRYLAND REALTY NORTH
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #22404682
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.