617 North 6th STREETManitowocWI54220
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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
Rental property for sale in Manitowoc at 617 North 6th STREET, Manitowoc, WI, 54220 generates $1,894/mo in rent and, after a $1,275/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,894/mo, and annual cash flow is $1,749/yr on $86,356 invested. Return on cash invested sits at 21.93% in year one, and rental yield is 8.72% on a $260,500 entry. Equity gained on principal adds $1,681/yr, while 5% annual appreciation builds toward $71,971 over five years. Five-year ROI reaches 114.39% and total cumulative return in cash sums $98,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,894/mo property income rather than buyer’s personal income.
Single Family
Built in 1873
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54220, Manitowoc, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,428 (100%) |
| Owner Occupied HU | 12,146 (62.5%) |
| Renter Occupied HU | 6,034 (31.1%) |
| Vacant Housing Units | 1,248 ( 6.4%) |
| Median Home Value | $201,041 |
| Average Home Value | $249,459 |
Housing Distribution
Address Breakdown
Residential
18,446
Single Family
16,603
Multi-Family
1,843
Businesses
1,021
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