1635 Perry AVENUERacineWI53406
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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 1635 Perry AVENUE, Racine, WI, 53406 priced at $235,000 converts $1,521/mo rent into after a $1,150/mo obligation. Total monthly income equals $1,521/mo. Return on cash invested prints 18.38% in year one, and rental yield reads 7.77% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 95.56% and total cumulative return in cash sums $74,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,521/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1967
6,098 sqft lot
$N/A/sqft
No 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: Rottino Kuiper Real Estate Team* • Keller Williams Milwaukee South Shore
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1918341
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