713 N Prospect StMerrillWI54452
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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 Merrill at 713 N Prospect St, Merrill, WI, 54452 uses $69,582 cash to close to unlock $9,512/yr annual cash flow and $793/mo monthly cash flow. Total monthly income runs $2,201/mo, and a $1,027/mo payment keeps the spread at $793/mo. Purchase price stands at $209,900, and rental yield measures 12.58% with $2,201/mo rent. Return on cash invested shows 33.58% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 176.85% and total cumulative return in cash records $123,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,201/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54452, Merrill, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,940 (100%) |
| Owner Occupied HU | 6,031 (67.5%) |
| Renter Occupied HU | 2,145 (24.0%) |
| Vacant Housing Units | 764 ( 8.5%) |
| Median Home Value | $208,241 |
| Average Home Value | $249,639 |
Housing Distribution
Address Breakdown
Residential
8,454
Single Family
7,841
Multi-Family
613
Businesses
572
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Listed by: KEVIN BLAKE • FIRST WEBER - MERRILL
Mls Name: GNMLS
Mls Provider:
Mls ID: #212645
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.