1301 Summit AVENUERacineWI53404
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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 1301 Summit AVENUE, Racine, WI, 53404 offers a 13.78% rental yield on a $179,000 purchase with $2,056/mo rent. Total monthly income registers $2,056/mo, and a $876/mo payment leaves $855/mo available for distribution. Annual cash flow reaches $10,258/yr on $59,339 to close, and return on cash invested stands at 37.2% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 196.23% and total cumulative return in cash at $116,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,056/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53404, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,274 (100%) |
| Owner Occupied HU | 2,808 (44.8%) |
| Renter Occupied HU | 2,974 (47.4%) |
| Vacant Housing Units | 492 ( 7.8%) |
| Median Home Value | $178,146 |
| Average Home Value | $203,951 |
Housing Distribution
Address Breakdown
Residential
5,990
Single Family
5,078
Multi-Family
912
Businesses
502
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