8348 Ida AVENUESpartaWI54656
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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 Sparta at 8348 Ida AVENUE, Sparta, WI, 54656 priced at $449,900 converts $2,395/mo rent into after a $2,202/mo obligation. Total monthly income equals $2,395/mo. Return on cash invested prints 14.89% in year one, and rental yield reads 6.39% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 76.59% and total cumulative return in cash sums $114,226. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,395/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1998
8.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54656, Sparta, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,833 (100%) |
| Owner Occupied HU | 5,191 (66.3%) |
| Renter Occupied HU | 2,189 (27.9%) |
| Vacant Housing Units | 453 ( 5.8%) |
| Median Home Value | $242,815 |
| Average Home Value | $274,568 |
Housing Distribution
Address Breakdown
Residential
7,665
Single Family
7,334
Multi-Family
331
Businesses
527
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Listed by: Anne Ducharme • Castle Realty, LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1885856
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.