522 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
Total monthly income runs $3,836/mo, and a $3,670/mo payment. Purchase price stands at $749,800, and rental yield measures 6.14% with $3,836/mo rent. Return on cash invested shows 14.24% in year one, and 5% annual appreciation builds toward $207,156 over five years. Five-year ROI reaches 73.1% and total cumulative return in cash records $180,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,836/mo property income covering a $3,670/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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: Tara Hocevar • Coldwell Banker Werner & Assoc
Mls Name: WIREX MLS
Mls ID: #1937639