7597 W Ostrom RdMinongWI54859
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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 Minong at 7597 W Ostrom Rd, Minong, WI, 54859 listed at $249,000 pairs $954/mo rent with a $1,219/mo payment. Total monthly income runs $954/mo. Return on cash invested measures 8.39% in year one, and rental yield registers 4.6% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 42.17% and total cumulative return in cash totals $34,808. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
2,048 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54859, Minong, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,232 (100%) |
| Owner Occupied HU | 767 (34.4%) |
| Renter Occupied HU | 209 ( 9.4%) |
| Vacant Housing Units | 1,256 (56.3%) |
| Median Home Value | $284,231 |
| Average Home Value | $340,671 |
Housing Distribution
Address Breakdown
Residential
1,122
Single Family
1,096
Multi-Family
26
Businesses
57
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Nearby investment properties with comparable prices
Listed by: John "Buddy" Becker • RES Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6115263
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.