W8231 Lake TERRACELake MillsWI53551
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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 Lake Mills at W8231 Lake TERRACE, Lake Mills, WI, 53551 offers a 7.94% rental yield on a $544,900 purchase with $3,606/mo rent. 72% in year one. Equity gained on principal adds $3,516/yr while 5% annual appreciation supports $150,546 over five years. Portfolio math shows five-year ROI at 102.5% and total cumulative return in cash at $183,761. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,606/mo property income against a $2,667/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53551, Lake Mills, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,328 (100%) |
| Owner Occupied HU | 2,898 (67.0%) |
| Renter Occupied HU | 938 (21.7%) |
| Vacant Housing Units | 492 (11.4%) |
| Median Home Value | $367,604 |
| Average Home Value | $467,331 |
Housing Distribution
Address Breakdown
Residential
4,048
Single Family
3,835
Multi-Family
213
Businesses
305
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Listed by: Kathy Zimmermann • RE/MAX Community Realty
Mls Name: WIREX MLS
Mls ID: #1939912