650 South Pier DRIVE UNIT 2SheboyganWI53081
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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 Sheboygan at 650 South Pier DRIVE UNIT 2, Sheboygan, WI, 53081 priced at $455,000 converts $2,810/mo rent into after a $2,227/mo obligation. Total monthly income equals $2,810/mo. Return on cash invested prints 15.66% in year one, and rental yield reads 7.41% against a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation compiles into $125,708 by year five. Five-year ROI reaches 81.61% and total cumulative return in cash sums $123,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,810/mo property income covering a $2,227/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$290 monthly 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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Listed by: Heather Parnau • Coldwell Banker Real Estate Group Manitowoc
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1885130
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