N8402 Spruce RdPhillipsWI54555
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 Phillips at N8402 Spruce Rd, Phillips, WI, 54555 priced at $259,000 converts $1,860/mo rent into $121/mo cash flow after a $1,268/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $1,458/yr on $85,859 invested. Return on cash invested prints 21.61% in year one, and rental yield reads 8.62% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 112.64% and total cumulative return in cash sums $96,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54555, Phillips, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,009 (100%) |
| Owner Occupied HU | 1,793 (44.7%) |
| Renter Occupied HU | 520 (13.0%) |
| Vacant Housing Units | 1,696 (42.3%) |
| Median Home Value | $236,635 |
| Average Home Value | $264,614 |
Housing Distribution
Address Breakdown
Residential
2,433
Single Family
2,356
Multi-Family
77
Businesses
226
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: KATHLEEN LOCHNER • RE/MAX NEW HORIZONS REALTY LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #209266
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.