8024 State Highway 57 #R-2Baileys HarborWI54202
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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 Baileys Harbor at 8024 State Highway 57 #R-2, Baileys Harbor, WI, 54202 generates $2,461/mo in rent, after a $2,912/mo payment. Total monthly income is $2,461/mo. Return on cash invested sits at 7.68% in year one, and rental yield is 4.96% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 39.01% and total cumulative return in cash sums $76,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,461/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$488 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54202, Baileys Harbor, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,683 (100%) |
| Owner Occupied HU | 656 (39.0%) |
| Renter Occupied HU | 118 ( 7.0%) |
| Vacant Housing Units | 909 (54.0%) |
| Median Home Value | $471,277 |
| Average Home Value | $574,527 |
Housing Distribution
Address Breakdown
Residential
844
Single Family
844
Multi-Family
0
Businesses
70
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Listed by: Deb Jirtle • Shorewest, Realtors
Mls Name: RANW
Mls ID: #50302370
Disclaimer: Copyright REALTORS Association of Northeast Wisconsin MLS, Inc. - All Rights Reserved Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Zillow, Inc. nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.