6424 Summit AveWashburnWI54891
Nearby investment properties with comparable rents
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
Investment property for sale in Washburn at 6424 Summit Ave, Washburn, WI, 54891 earns from $3,546/mo rent with a $3,426/mo payment. Total monthly income totals $3,546/mo. ROI tracks 14.06% on current figures, and rental yield reads 6.08% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 72.14% and total cumulative return in cash sums $166,112. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,546/mo property income instead of your personal income.
Single Family
Built in 1950
21.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54891, Washburn, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,909 (100%) |
| Owner Occupied HU | 1,265 (66.3%) |
| Renter Occupied HU | 356 (18.6%) |
| Vacant Housing Units | 288 (15.1%) |
| Median Home Value | $254,500 |
| Average Home Value | $289,628 |
Housing Distribution
Address Breakdown
Residential
1,365
Single Family
1,261
Multi-Family
104
Businesses
125
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Nearby investment properties with comparable prices
Listed by: Anthony Jennings • Anthony Jennings & Crew Real Estate LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118068
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 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.