702 Franklin StreetSpoonerWI54801
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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 Spooner at 702 Franklin Street, Spooner, WI, 54801 offers $2,436/mo rent that, after a $1,346/mo payment, leaves $590/mo cash flow. Total monthly income is $2,436/mo, and annual cash flow is $7,085/yr on $91,163 cash. Return on cash invested measures 27.68% in year one, and rental yield stands at 10.63% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 145.23% and total cumulative return in cash reaches $132,395. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,436/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54801, Spooner, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,947 (100%) |
| Owner Occupied HU | 2,358 (47.7%) |
| Renter Occupied HU | 736 (14.9%) |
| Vacant Housing Units | 1,853 (37.5%) |
| Median Home Value | $263,056 |
| Average Home Value | $305,125 |
Housing Distribution
Address Breakdown
Residential
3,384
Single Family
3,273
Multi-Family
111
Businesses
368
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Listed by: Shane Evenson • Coldwell Banker Realty Spooner
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1589766
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.