1824 Rapids DRIVERacineWI53404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1824 Rapids DRIVE, Racine, WI, 53404 earns $635/mo cash flow from $2,198/mo rent with a $1,140/mo payment. Total monthly income totals $2,198/mo, and annual cash flow totals $7,617/yr on $77,240 capital. ROI tracks 29.77% on current figures, and rental yield reads 11.32% at a $233,000 purchase. Equity gained on principal adds $1,504/yr, and 5% annual appreciation supports $64,374 over five years. Five-year ROI reaches 156.42% and total cumulative return in cash sums $120,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,198/mo property income instead of your personal income.
Single Family
Built in 1922
5,227 sqft 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 |
Housing Distribution
Address Breakdown
Residential
5,990
Single Family
5,078
Multi-Family
912
Businesses
502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices