580 N Water StPlattevilleWI53818
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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 Platteville at 580 N Water St, Platteville, WI, 53818 priced at $239,900 converts $1,804/mo rent into $194/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,804/mo, and annual cash flow totals $2,330/yr on $79,527 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 9.02% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 119.27% and total cumulative return in cash sums $94,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,804/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1949
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53818, Platteville, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,107 (100%) |
| Owner Occupied HU | 2,972 (48.7%) |
| Renter Occupied HU | 2,611 (42.8%) |
| Vacant Housing Units | 524 ( 8.6%) |
| Median Home Value | $245,497 |
| Average Home Value | $290,977 |
Housing Distribution
Address Breakdown
Residential
5,737
Single Family
4,655
Multi-Family
1,082
Businesses
508
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Listed by: Troy Timmerman • Remax Advantage
Mls Name: East Central Iowa AOR
Mls ID: #152807