6111 247th AVENUEPaddock LakeWI53168
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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 Paddock Lake at 6111 247th AVENUE, Paddock Lake, WI, 53168 uses $94,478 cash to close to unlock $3,063/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,395/mo payment keeps the spread at $255/mo. Purchase price stands at $285,000, and rental yield measures 9.13% with $2,168/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 120.95% and total cumulative return in cash records $114,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53168, Salem, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,155 (100%) |
| Owner Occupied HU | 3,135 (75.5%) |
| Renter Occupied HU | 654 (15.7%) |
| Vacant Housing Units | 366 ( 8.8%) |
| Median Home Value | $346,453 |
| Average Home Value | $392,881 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,704
Multi-Family
61
Businesses
189
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Listed by: Alissa Traughber • Compass RE WI-Northshore
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1910422
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.