1000 Prairie DRIVE #5RacineWI53406
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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 Racine at 1000 Prairie DRIVE #5, Racine, WI, 53406 generates $2,392/mo in rent and, after a $1,241/mo payment, leaves $450/mo in cash flow. Total monthly income is $2,392/mo, and annual cash flow is $5,406/yr on $84,035 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 11.32% on a $253,500 entry. Equity gained on principal adds $1,636/yr, while 5% annual appreciation builds toward $70,037 over five years. Five-year ROI reaches 139.29% and total cumulative return in cash sums $117,053. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,392/mo property income rather than buyer’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53406, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,581 (100%) |
| Owner Occupied HU | 8,258 (65.6%) |
| Renter Occupied HU | 3,828 (30.4%) |
| Vacant Housing Units | 495 ( 3.9%) |
| Median Home Value | $315,200 |
| Average Home Value | $338,626 |
Housing Distribution
Address Breakdown
Residential
12,535
Single Family
10,627
Multi-Family
1,908
Businesses
790
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