7540 Spider Lake RdIron RiverWI54847
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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 Iron River at 7540 Spider Lake Rd, Iron River, WI, 54847 listed at $469,900 pairs $1,186/mo rent with a $2,300/mo payment. Total monthly income runs $1,186/mo. Return on cash invested measures 4.75% in year one, and rental yield registers 3.03% at a $469,900 basis. Equity gained on principal adds $3,032/yr, and annual property appreciation at 5% supports $129,825 by year five. Five-year ROI tracks 22.26% and total cumulative return in cash totals $34,670. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,186/mo property income relative to a $2,300/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2015
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54847, Iron River, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,156 (100%) |
| Owner Occupied HU | 1,022 (47.4%) |
| Renter Occupied HU | 201 ( 9.3%) |
| Vacant Housing Units | 933 (43.3%) |
| Median Home Value | $294,976 |
| Average Home Value | $360,707 |
Housing Distribution
Address Breakdown
Residential
1,067
Single Family
1,019
Multi-Family
48
Businesses
91
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Listed by: MARY RUFLEDT • ELITE REALTY GROUP, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #211726
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.