N8569 Ridge Creek RdElkhart LakeWI53020
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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
Rental property for sale in Elkhart Lake at N8569 Ridge Creek Rd, Elkhart Lake, WI, 53020 generates $2,876/mo in rent, after a $2,129/mo payment. Total monthly income is $2,876/mo. Return on cash invested sits at 19.55% in year one, and rental yield is 7.93% on a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 101.6% and total cumulative return in cash sums $146,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,876/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
1.43 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: Frank Adashun • Adashun Jones, Inc.
Mls Name: RANW
Mls ID: #50318967