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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Get DSCR Mortgage Rate Quote
$1,800,000
- bds- ba-sqft
615 Michigan AVENUE #617SheboyganWI53081
0.96%
Gross Yield
-1.52%
ROI
$1,440/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
Currently Rented
Rental Income
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NMLS #2625701
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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
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Investment Highlights
Total monthly income runs $1,440/mo, and a $8,810/mo payment. Purchase price stands at $1,800,000, and rental yield measures 0.96% with $1,440/mo rent. Return on cash invested shows -1.52% in year one, and 5% annual appreciation builds toward $497,307 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $8,810/mo payment rather than investor’s personal income.
Multi Family
Built in 1977
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53081, Sheboygan, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,460 (100%) |
| Owner Occupied HU | 11,073 (54.1%) |
| Renter Occupied HU | 7,927 (38.7%) |
| Vacant Housing Units | 1,460 ( 7.1%) |
| Median Home Value | $206,484 |
| Average Home Value | $248,810 |
Housing Distribution
Address Breakdown
Residential
19,516
Single Family
16,934
Multi-Family
2,582
Businesses
1,452
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Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved