1600 Grove 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 1600 Grove AVENUE, Racine, WI, 53405 with 5% annual appreciation on a $399,900 basis while $4,002/mo rent supports operations. Total monthly income totals $4,002/mo and a $1,957/mo payment preserves $1,154/mo for cash returns. Annual cash flow comes to $13,847/yr on $132,567 deployed, and return on cash invested reaches 30.35% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 12.01%. Five-year ROI measures 160.06% and total cumulative return in cash totals $212,192.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,002/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1921
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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Listed by: Segal Goldman Realty Group* • RE/MAX Service First
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913708
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.