7016 238th AVENUE UNIT 5SalemWI53168
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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 Salem at 7016 238th AVENUE UNIT 5, Salem, WI, 53168 offers a 7.54% rental yield on a $289,000 purchase with $1,816/mo rent. 9% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 77.9% and total cumulative return in cash at $74,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53168, Salem, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,155 (100%) |
| Owner Occupied HU | 3,135 (75.5%) |
| Renter Occupied HU | 654 (15.7%) |
| Vacant Housing Units | 366 ( 8.8%) |
| Median Home Value | $346,453 |
| Average Home Value | $392,881 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,704
Multi-Family
61
Businesses
189
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Listed by: The Lisa Fabiano Group* • EXP Realty, LLC Kenosha
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913439
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.