Lt7 BURROWS LANEElkhart LakeWI53020
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Nearby investment properties with comparable prices
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 Elkhart Lake at Lt7 BURROWS LANE, Elkhart Lake, WI, 53020 priced at $120,000 pairs $2,090/mo rent with $1,285/mo cash flow after a $587/mo payment. Total monthly income equals $2,090/mo, and annual cash flow comes to $15,420/yr on $39,780 invested. Return on cash invested is 58.67% in year one, and rental yield stands at 20.9% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 311.36% and total cumulative return in cash reaches $123,859. For financing, Ziffy Mortgage’s DSCR program evaluates $2,090/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
6.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53020, Elkhart Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,942 (100%) |
| Owner Occupied HU | 1,341 (69.1%) |
| Renter Occupied HU | 225 (11.6%) |
| Vacant Housing Units | 376 (19.4%) |
| Median Home Value | $376,859 |
| Average Home Value | $444,286 |
Housing Distribution
Address Breakdown
Residential
1,430
Single Family
1,430
Multi-Family
0
Businesses
103
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Listed by: Nicole Kapellen • Pleasant View Realty, LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1890188
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.