1314 Dr Martin Luther King DRIVERacineWI53404
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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
Rental property for sale in Racine at 1314 Dr Martin Luther King DRIVE, Racine, WI, 53404 priced at $164,500 pairs $1,253/mo rent with $149/mo cash flow after a $805/mo payment. Total monthly income equals $1,253/mo, and annual cash flow comes to $1,790/yr on $54,532 invested. Return on cash invested is 23.19% in year one, and rental yield stands at 9.14% on a $164,500 basis. Equity gained on principal adds $1,061/yr, and 5% annual appreciation accumulates to $45,448 by year five. Five-year ROI measures 121.2% and total cumulative return in cash reaches $66,094. For financing, Ziffy Mortgage’s DSCR program evaluates $1,253/mo property income against a $805/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1885
0.26 Acres 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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Listed by: Gabriela Alaniz • Realty of America LLC
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1915059
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.