8699 Richardson Plat Rd #8CMinocquaWI54548
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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 Minocqua at 8699 Richardson Plat Rd #8C, Minocqua, WI, 54548 generates $2,789/mo in rent and, after a $1,077/mo payment, leaves $1,047/mo in cash flow. Total monthly income is $2,789/mo, and annual cash flow is $12,568/yr on $72,930 invested. Return on cash invested sits at 37.14% in year one, and rental yield is 15.21% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 197.56% and total cumulative return in cash sums $144,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,789/mo property income rather than buyer’s personal income.
Condo
Built in N/A
3.14 Acres lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54548, Minocqua, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,471 (100%) |
| Owner Occupied HU | 2,158 (39.4%) |
| Renter Occupied HU | 545 ( 10.0%) |
| Vacant Housing Units | 2,768 (50.6%) |
| Median Home Value | $407,209 |
| Average Home Value | $515,123 |
Housing Distribution
Address Breakdown
Residential
3,447
Single Family
3,216
Multi-Family
231
Businesses
451
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Listed by: JAMES CHESHIRE • FIRST WEBER - MINOCQUA
Mls Name: GNMLS
Mls Provider:
Mls ID: #203082
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.