1423 Monroe 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 1423 Monroe AVENUE, Racine, WI, 53405 generates $2,392/mo in rent and, after a $1,199/mo payment, leaves $737/mo in cash flow. Total monthly income is $2,392/mo, and annual cash flow is $8,845/yr on $81,184 invested. Return on cash invested sits at 30.8% in year one, and rental yield is 11.72% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 162.07% and total cumulative return in cash sums $131,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,392/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
4,791 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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Listed by: Ann Carbajal • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1903482
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.