1215 Lathrop AVENUERacineWI53405
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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 1215 Lathrop AVENUE, Racine, WI, 53405 priced at $163,500 converts $1,314/mo rent into $217/mo cash flow after a $800/mo obligation. Total monthly income equals $1,314/mo, and annual cash flow totals $2,604/yr on $54,200 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 9.64% against a $163,500 entry. Equity gained on principal adds $1,055/yr, while 5% annual appreciation compiles into $45,172 by year five. Five-year ROI reaches 129.29% and total cumulative return in cash sums $70,076. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $800/mo payment, not borrower’s personal income.
Single Family
Built in 1948
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53405, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,568 (100%) |
| Owner Occupied HU | 6,872 (65.0%) |
| Renter Occupied HU | 3,200 (30.3%) |
| Vacant Housing Units | 496 ( 4.7%) |
| Median Home Value | $195,508 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
10,658
Single Family
9,899
Multi-Family
759
Businesses
400
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