1101 Harmony DRIVERacineWI53402
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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 Racine at 1101 Harmony DRIVE, Racine, WI, 53402 uses $95,804 cash to close to unlock $1,200/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,415/mo payment keeps the spread at $100/mo. Purchase price stands at $289,000, and rental yield measures 8.47% with $2,040/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 110.23% and total cumulative return in cash records $105,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1964
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53402, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,759 (100%) |
| Owner Occupied HU | 9,648 (65.4%) |
| Renter Occupied HU | 4,248 (28.8%) |
| Vacant Housing Units | 863 ( 5.8%) |
| Median Home Value | $263,919 |
| Average Home Value | $337,495 |
Housing Distribution
Address Breakdown
Residential
14,345
Single Family
12,540
Multi-Family
1,805
Businesses
454
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