1619 Summerset DRIVE UNIT 3RacineWI53406
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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 1619 Summerset DRIVE UNIT 3, Racine, WI, 53406 earns from $1,581/mo rent with a $1,101/mo payment. Total monthly income totals $1,581/mo. ROI tracks 16.79% on current figures, and rental yield reads 8.43% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 88.4% and total cumulative return in cash sums $65,937. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,581/mo property income instead of your personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53406, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,581 (100%) |
| Owner Occupied HU | 8,258 (65.6%) |
| Renter Occupied HU | 3,828 (30.4%) |
| Vacant Housing Units | 495 ( 3.9%) |
| Median Home Value | $315,200 |
| Average Home Value | $338,626 |
Housing Distribution
Address Breakdown
Residential
12,535
Single Family
10,627
Multi-Family
1,908
Businesses
790
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Listed by: Mari Catencamp • Shorewest Realtors - South Metro
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1909764
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.