728 Phipps AvenueRice LakeWI54868
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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 Rice Lake at 728 Phipps Avenue, Rice Lake, WI, 54868 offers $1,200/mo rent that, after a $978/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 17.35% in year one, and rental yield stands at 7.2% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 89.8% and total cumulative return in cash reaches $59,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54868, Rice Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,937 (100%) |
| Owner Occupied HU | 4,889 (61.6%) |
| Renter Occupied HU | 2,225 (28.0%) |
| Vacant Housing Units | 823 (10.4%) |
| Median Home Value | $248,556 |
| Average Home Value | $301,125 |
Housing Distribution
Address Breakdown
Residential
7,298
Single Family
6,430
Multi-Family
868
Businesses
744
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Nearby investment properties with comparable prices
Listed by: Wendy Dallmann • Real Estate Solutions
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1591008
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.