N6009 Heritage Drive #12Green LakeWI54941
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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 Green Lake at N6009 Heritage Drive #12, Green Lake, WI, 54941 offers a 9.47% rental yield on a $285,000 purchase with $2,250/mo rent. Total monthly income registers $2,250/mo, and a $1,395/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,047/yr on $94,478 to close, and return on cash invested stands at 24.19% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 126.54% and total cumulative return in cash at $119,550. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,250/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54941, Green Lake, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,969 (100%) |
| Owner Occupied HU | 983 (49.9%) |
| Renter Occupied HU | 262 (13.3%) |
| Vacant Housing Units | 724 (36.8%) |
| Median Home Value | $373,580 |
| Average Home Value | $509,547 |
Housing Distribution
Address Breakdown
Residential
1,330
Single Family
1,238
Multi-Family
92
Businesses
157
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Listed by: Jill Ramsey • Better Homes and Gardens Real Estate Special Properties
Mls Name: WIREX MLS
Mls ID: #2007567