111 11th STREET Unit 3ASRacineWI53403
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 Racine at 111 11th STREET Unit 3AS, Racine, WI, 53403 earns $177/mo cash flow from $2,188/mo rent with a $1,101/mo payment. Total monthly income totals $2,188/mo, and annual cash flow totals $2,129/yr on $74,554 capital. ROI tracks 22.76% on current figures, and rental yield reads 11.67% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 121.81% and total cumulative return in cash sums $90,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,188/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$501 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53403, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,449 (100%) |
| Owner Occupied HU | 6,123 (49.2%) |
| Renter Occupied HU | 5,171 (41.5%) |
| Vacant Housing Units | 1,155 ( 9.3%) |
| Median Home Value | $208,046 |
| Average Home Value | $280,532 |
Housing Distribution
Address Breakdown
Residential
11,459
Single Family
9,628
Multi-Family
1,831
Businesses
899
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Sorenson • RE/MAX Newport
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1895876
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.