615 S Wisconsin AveRice LakeWI54868
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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 Rice Lake at 615 S Wisconsin Ave, Rice Lake, WI, 54868 uses $94,478 cash to close to unlock $5,871/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $2,402/mo, and a $1,395/mo payment keeps the spread at $489/mo. Purchase price stands at $285,000, and rental yield measures 10.11% with $2,402/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 136.88% and total cumulative return in cash records $129,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,402/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2021
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54868, Rice Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,937 (100%) |
| Owner Occupied HU | 4,889 (61.6%) |
| Renter Occupied HU | 2,225 (28.0%) |
| Vacant Housing Units | 823 (10.4%) |
| Median Home Value | $248,556 |
| Average Home Value | $301,125 |
Housing Distribution
Address Breakdown
Residential
7,298
Single Family
6,430
Multi-Family
868
Businesses
744
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