8703 Richardson Plat Rd APT 11AMinocquaWI54548
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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 Minocqua at 8703 Richardson Plat Rd APT 11A, Minocqua, WI, 54548 offers a 9.97% rental yield on a $245,500 purchase with $2,040/mo rent. Total monthly income registers $2,040/mo, and a $1,202/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,032/yr on $81,383 to close, and return on cash invested stands at 21.18% in year one. Equity gained on principal adds $1,584/yr while 5% annual appreciation supports $67,827 over five years. Portfolio math shows five-year ROI at 112.02% and total cumulative return in cash at $91,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $1,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
3.14 Acres lot
$N/A/sqft
$306 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: CORBIN LASIER • LASIER REALTY, INC.
Mls Name: GNMLS
Mls Provider:
Mls ID: #212933
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.