1129 Park AVENUERacineWI53403
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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 1129 Park AVENUE, Racine, WI, 53403 priced at $189,000 converts $1,425/mo rent into $107/mo cash flow after a $925/mo obligation. Total monthly income equals $1,425/mo, and annual cash flow totals $1,279/yr on $62,654 invested. Return on cash invested prints 21.95% in year one, and rental yield reads 9.05% against a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation compiles into $52,217 by year five. Five-year ROI reaches 114.84% and total cumulative return in cash sums $71,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,425/mo property income covering a $925/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No 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
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Listed by: Erica Winship • Premier Point Realty LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915146
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.