587 S Lake AvePhillipsWI54555
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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 Phillips at 587 S Lake Ave, Phillips, WI, 54555 priced at $110,000 pairs $1,441/mo rent with $703/mo cash flow after a $538/mo payment. Total monthly income equals $1,441/mo, and annual cash flow comes to $8,438/yr on $36,465 invested. Return on cash invested is 43.05% in year one, and rental yield stands at 15.72% on a $110,000 basis. Equity gained on principal adds $710/yr, and 5% annual appreciation accumulates to $30,391 by year five. Five-year ROI measures 227.76% and total cumulative return in cash reaches $83,052. For financing, Ziffy Mortgage’s DSCR program evaluates $1,441/mo property income against a $538/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1923
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54555, Phillips, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 1,793 (44.7%) |
| Renter Occupied HU | 520 (13.0%) |
| Vacant Housing Units | 1,696 (42.3%) |
| Median Home Value | $236,635 |
| Average Home Value | $264,614 |
Housing Distribution
Address Breakdown
Residential
2,433
Single Family
2,356
Multi-Family
77
Businesses
226
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Listed by: ADAM SPEER • BIRCHLAND REALTY, INC. - PHILLIPS
Mls Name: GNMLS
Mls Provider:
Mls ID: #213243
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.