5524 Highway 51 #1Manitowish WatersWI54545
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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
Rental property for sale in Manitowish Waters at 5524 Highway 51 #1, Manitowish Waters, WI, 54545 generates $4,626/mo in rent, after a $6,975/mo payment. Total monthly income is $4,626/mo. Return on cash invested sits at 6.24% in year one, and rental yield is 3.9% on a $1,425,000 entry. Equity gained on principal adds $9,195/yr, while 5% annual appreciation builds toward $393,701 over five years. Five-year ROI reaches 30.6% and total cumulative return in cash sums $141,284. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,626/mo property income rather than buyer’s personal income.
Condo
Built in 2020
3.74 Acres lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54545, Manitowish Waters, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,400 (100%) |
| Owner Occupied HU | 401 (28.6%) |
| Renter Occupied HU | 52 ( 3.7%) |
| Vacant Housing Units | 947 (67.6%) |
| Median Home Value | $621,173 |
| Average Home Value | $624,364 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
103
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Listed by: LINDA LONG TEAM • REDMAN REALTY GROUP, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #214597
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.