1224 Romayne AVENUERacineWI53402
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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 1224 Romayne AVENUE, Racine, WI, 53402 uses $66,267 cash to close to unlock $2,666/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,569/mo, and a $978/mo payment keeps the spread at $222/mo. Purchase price stands at $199,900, and rental yield measures 9.42% with $1,569/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 125.2% and total cumulative return in cash records $82,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,569/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1925
4,791 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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Listed by: Diane Richmond • Grow With Us Realty
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1906897
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.