877 S 16th Ct UNIT B1Sturgeon BayWI54235
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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 Sturgeon Bay at 877 S 16th Ct UNIT B1, Sturgeon Bay, WI, 54235 uses $112,710 cash to close to unlock $388/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $2,314/mo, and a $1,664/mo payment keeps the spread at $32/mo. Purchase price stands at $340,000, and rental yield measures 8.17% with $2,314/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 105.4% and total cumulative return in cash records $118,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,314/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1981
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54235, Sturgeon Bay, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,324 (100%) |
| Owner Occupied HU | 6,684 (54.2%) |
| Renter Occupied HU | 2,272 (18.4%) |
| Vacant Housing Units | 3,368 (27.3%) |
| Median Home Value | $352,204 |
| Average Home Value | $446,114 |
Housing Distribution
Address Breakdown
Residential
9,799
Single Family
9,137
Multi-Family
662
Businesses
857
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Listed by: Elysia N Diaz • Elysian Realty, LLC
Mls Name: RANW
Mls ID: #50317552