509 Fremont 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 509 Fremont Street, Lake Mills, WI, 53551 with 5% annual appreciation on a $275,000 basis while $2,310/mo rent supports operations. Total monthly income totals $2,310/mo and a $1,346/mo payment preserves $464/mo for cash returns. Annual cash flow comes to $5,573/yr on $91,163 deployed, and return on cash invested reaches 26.02% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 10.08%. Five-year ROI measures 136.34% and total cumulative return in cash totals $124,295.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,310/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.31 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: Tiffany Shields • Century 21 Affiliated
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1984960
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.