8 Commerce StMineral PtWI53565
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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 Mineral Pt at 8 Commerce St, Mineral Pt, WI, 53565 priced at $449,000 converts $1,811/mo rent into after a $2,198/mo obligation. Total monthly income equals $1,811/mo. Return on cash invested prints 10.21% in year one, and rental yield reads 4.84% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 51.54% and total cumulative return in cash sums $76,720. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,811/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53565, Mineral Point, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,278 (100%) |
| Owner Occupied HU | 1,586 (69.6%) |
| Renter Occupied HU | 500 (21.9%) |
| Vacant Housing Units | 192 ( 8.4%) |
| Median Home Value | $289,030 |
| Average Home Value | $369,721 |
Housing Distribution
Address Breakdown
Residential
2,099
Single Family
2,019
Multi-Family
80
Businesses
189
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Nearby investment properties with comparable prices
Listed by: Terri Lynn • Rusty's Real Estate, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6111499
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.