519 Sharpes DRIVEElkhart LakeWI53020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Elkhart Lake at 519 Sharpes DRIVE, Elkhart Lake, WI, 53020 priced at $1,895,000 pairs $4,280/mo rent with after a $9,275/mo payment. Total monthly income equals $4,280/mo. Return on cash invested is 3.63% in year one, and rental yield stands at 2.71% on a $1,895,000 basis. Equity gained on principal adds $12,228/yr, and 5% annual appreciation accumulates to $523,554 by year five. Five-year ROI measures 16.26% and total cumulative return in cash reaches $99,845. For financing, Ziffy Mortgage’s DSCR program evaluates $4,280/mo property income against a $9,275/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
$1,500 annually 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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Nearby investment properties with comparable prices
Listed by: Laura McGourthy • First Weber Inc- Mequon
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1916339
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