526 Washington StAlgomaWI54201
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 Algoma at 526 Washington St, Algoma, WI, 54201 priced at $119,900 converts $1,178/mo rent into $373/mo cash flow after a $587/mo obligation. Total monthly income equals $1,178/mo, and annual cash flow totals $4,478/yr on $39,747 invested. Return on cash invested prints 31.18% in year one, and rental yield reads 11.79% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 164.06% and total cumulative return in cash sums $65,208. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,178/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1950
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54201, Algoma, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,771 (65.9%) |
| Renter Occupied HU | 525 (19.5%) |
| Vacant Housing Units | 393 (14.6%) |
| Median Home Value | $198,164 |
| Average Home Value | $241,745 |
Housing Distribution
Address Breakdown
Residential
2,489
Single Family
2,392
Multi-Family
97
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Holdinski • Real Broker LLC
Mls Name: Door County MLS
Mls Provider:
Mls ID: #143260
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.