1518 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
Investment property for sale in Racine at 1518 Lathrop AVENUE, Racine, WI, 53405 uses $65,637 cash to close to unlock $219/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $1,376/mo, and a $969/mo payment keeps the spread at $18/mo. Purchase price stands at $198,000, and rental yield measures 8.34% with $1,376/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 105.57% and total cumulative return in cash records $69,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,376/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1941
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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