1639 Douglas AVENUE, Racine, WI, 53404 | Equity Gain $8,356/yr

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,260/mo, and a $6,338/mo payment. Purchase price stands at $1,295,000, and rental yield measures 1.17% with $1,260/mo rent. Return on cash invested shows -0.88% in year one, and 5% annual appreciation builds toward $357,785 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $6,338/mo payment rather than investor’s personal income.

Multi Family

Built in 1928

0.40 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 53404, Racine, WI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,274 (100%)
Owner Occupied HU	2,808 (44.8%)
Renter Occupied HU	2,974 (47.4%)
Vacant Housing Units	492 ( 7.8%)
Median Home Value	$178,146
Average Home Value	$203,951