621 Rittenhouse AveBayfieldWI54814
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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
Rental property for sale in Bayfield at 621 Rittenhouse Ave, Bayfield, WI, 54814 offers $2,340/mo rent that, after a $2,442/mo payment. Total monthly income is $2,340/mo. Return on cash invested measures 12.59% in year one, and rental yield stands at 5.63% at a $499,000 entry. Equity gained on principal adds $3,220/yr while 5% annual appreciation compounds into $137,865 by year five. Five-year ROI records 64.3% and total cumulative return in cash reaches $106,362. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,340/mo property income versus a $2,442/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54814, Bayfield, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,886 (100%) |
| Owner Occupied HU | 876 (46.4%) |
| Renter Occupied HU | 432 (22.9%) |
| Vacant Housing Units | 578 (30.6%) |
| Median Home Value | $317,600 |
| Average Home Value | $331,558 |
Housing Distribution
Address Breakdown
Residential
784
Single Family
700
Multi-Family
84
Businesses
138
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Nearby investment properties with comparable prices
Listed by: Esme Martinson • Broad Street Brokers, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6116003
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 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.