N52W35002 Lake DRIVE #202OkaucheeWI53069
Nearby investment properties with comparable rents
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 Okauchee at N52W35002 Lake DRIVE #202, Okauchee, WI, 53069 generates $1,194/mo in rent, after a $8,443/mo payment. Total monthly income is $1,194/mo. Return on cash invested sits at -3.26% in year one, and rental yield is 0.83% on a $1,725,000 entry. Equity gained on principal adds $11,131/yr, while 5% annual appreciation builds toward $476,586 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,194/mo property income rather than buyer’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$621 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53069, Okauchee, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 405 (100%) |
| Owner Occupied HU | 281 (69.4%) |
| Renter Occupied HU | 77 (19.0%) |
| Vacant Housing Units | 47 (11.6%) |
| Median Home Value | $593,182 |
| Average Home Value | $674,066 |
Housing Distribution
Address Breakdown
Residential
399
Single Family
342
Multi-Family
57
Businesses
67
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