601 Pierce StreetPortageWI53901
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 Portage at 601 Pierce Street, Portage, WI, 53901 priced at $269,900 converts $2,314/mo rent into $503/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,314/mo, and annual cash flow totals $6,032/yr on $89,472 invested. Return on cash invested prints 26.65% in year one, and rental yield reads 10.29% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 139.69% and total cumulative return in cash sums $124,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,314/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 1890
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53901, Portage, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,826 (100%) |
| Owner Occupied HU | 3,987 (58.4%) |
| Renter Occupied HU | 2,128 (31.2%) |
| Vacant Housing Units | 711 (10.4%) |
| Median Home Value | $250,655 |
| Average Home Value | $313,655 |
Housing Distribution
Address Breakdown
Residential
6,409
Single Family
5,428
Multi-Family
981
Businesses
681
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Listed by: John Schneider • EXIT Realty HGM
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1996224
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.