601 W 7th StWashburnWI54891
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
Investment property for sale in Washburn at 601 W 7th St, Washburn, WI, 54891 uses $82,842 cash to close to unlock $6,228/yr annual cash flow and $519/mo monthly cash flow. Total monthly income runs $2,196/mo, and a $1,223/mo payment keeps the spread at $519/mo. Purchase price stands at $249,900, and rental yield measures 10.55% with $2,196/mo rent. Return on cash invested shows 27.43% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 143.9% and total cumulative return in cash records $119,210. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1985
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54891, Washburn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,909 (100%) |
| Owner Occupied HU | 1,265 (66.3%) |
| Renter Occupied HU | 356 (18.6%) |
| Vacant Housing Units | 288 (15.1%) |
| Median Home Value | $254,500 |
| Average Home Value | $289,628 |
Housing Distribution
Address Breakdown
Residential
1,365
Single Family
1,261
Multi-Family
104
Businesses
125
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Nearby investment properties with comparable prices
Listed by: Sally North • eXp Realty, LLC- WI
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120367
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.