S County Road LSouth RangeWI54874
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
Investment property for sale in South Range at S County Road L, South Range, WI, 54874 offers a 8.82% rental yield on a $198,000 purchase with $1,456/mo rent. Total monthly income registers $1,456/mo, and a $969/mo payment leaves $127/mo available for distribution. Annual cash flow reaches $1,528/yr on $65,637 to close, and return on cash invested stands at 22.24% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 116.06% and total cumulative return in cash at $76,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,456/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 54874, South Range, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,563 (100%) |
| Owner Occupied HU | 1,271 (81.3%) |
| Renter Occupied HU | 126 ( 8.1%) |
| Vacant Housing Units | 166 (10.6%) |
| Median Home Value | $270,752 |
| Average Home Value | $300,785 |
Housing Distribution
Address Breakdown
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Gerald Gorbet • Adolphson Real Estate - Cloquet
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6112536
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2024 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.