Whether it’s a duplex or apartment building, income properties in the Hayward, Wisconsin can provide you a steady source of monthly income for the owner while building equity at the same time.
Just listed is this Duplex located in the Historyland Condominium with access to Lake Hayward!! 1st unit features 2 bedrooms, bath, and combined kitchen, dining and living area with gas fireplace! 2nd unit features 1 bedroom but the same amenities as unit 1. Each has a garage stall in the detached garage. Great investment opportunity or, live in one side and rent the other out (no short term rentals allowed) while enjoying Lake Hayward and the convenience of being able to walk to downtown Hayward. This one won’t last long!!
- Listing Number (MLS): 1567735
- Bedrooms: 0
- Bathrooms: 0
- Square Footage: 1618
- Taxes: 2,021.00
- 1 ft on Hayward 218
Great income producing property when both units are rented at $425 each monthly. Each unit is 1 bedroom/ 1 bath. The electric service is 200 amp.
- Listing Number (MLS): 1569942
- Bedrooms: 0
- Bathrooms: 0
- Square Footage: 938
- Taxes: 2,022.00
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An income property is property bought or developed to earn income through renting, leasing or price appreciation. An income property can be residential or commercial. Residential income properties are commonly referred to as non-owner occupied. A mortgage for a non-owner occupied property may carry a higher interest rate than an owner occupied mortgage as it is often viewed by lenders as a higher risk.
Investing in real estate for income requires a broad range of considerations. Interest rates and the housing market environment are top considerations for real estate investors. Location, rent levels and the potential for return are usually also leading concerns for a investor seeking to buy and rent a property for income.
An income property can be a good investment for a variety of reasons. It offers an alternative to standard market investments in stock equity and company bonds. Additionally, it offers an investor the security of real property with many investment diversification benefits.