510 Otto WAYElkhart LakeWI53020
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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 Elkhart Lake at 510 Otto WAY, Elkhart Lake, WI, 53020 with 5% annual appreciation on a $455,000 basis while $3,017/mo rent supports operations. 08% in year one. Equity gained on principal adds $2,936/yr, and five-year appreciation sums $125,708 alongside rental yield of 7.96%. Five-year ROI measures 84.28% and total cumulative return in cash totals $127,120. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,017/mo property income versus a $2,227/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2000
N/A lot
$N/A/sqft
$445 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
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Listed by: Beth Gotwald • Century 21 Moves
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1893021
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Copyright 2025 WiREx All Rights Reserved