74 South West STREETElkhart LakeWI53020
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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 Elkhart Lake at 74 South West STREET, Elkhart Lake, WI, 53020 offers $1,789/mo rent that, after a $7,831/mo payment. Total monthly income is $1,789/mo. Return on cash invested measures -0.34% in year one, and rental yield stands at 1.34% at a $1,600,000 entry. Equity gained on principal adds $10,325/yr while 5% annual appreciation compounds into $442,051 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,789/mo property income versus a $7,831/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
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Listed by: Katy Cain • Avenue Real Estate LLC
Mls Name: WIREX MLS
Mls ID: #1927106