580 Evergreen Dr UNIT 21New RichmondWI54017
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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 New Richmond at 580 Evergreen Dr UNIT 21, New Richmond, WI, 54017 offers a 10.77% rental yield on a $319,900 purchase with $2,872/mo rent. Total monthly income registers $2,872/mo, and a $1,566/mo payment leaves $725/mo available for distribution. Annual cash flow reaches $8,698/yr on $106,047 to close, and return on cash invested stands at 28.11% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 147.52% and total cumulative return in cash at $156,440. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,872/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1983
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54017, New Richmond, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,605 (100%) |
| Owner Occupied HU | 6,267 (72.8%) |
| Renter Occupied HU | 2,005 (23.3%) |
| Vacant Housing Units | 333 ( 3.9%) |
| Median Home Value | $371,747 |
| Average Home Value | $424,805 |
Housing Distribution
Address Breakdown
Residential
8,602
Single Family
8,124
Multi-Family
478
Businesses
513
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Listed by: Michael J Germain • RE/MAX Team 1 Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7005130