1831 Erie STREETRacineWI53402
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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 1831 Erie STREET, Racine, WI, 53402 offers $1,718/mo rent that, after a $773/mo payment, leaves $636/mo cash flow. Total monthly income is $1,718/mo, and annual cash flow is $7,627/yr on $52,377 cash. Return on cash invested measures 34.47% in year one, and rental yield stands at 13.05% at a $158,000 entry. Equity gained on principal adds $1,020/yr while 5% annual appreciation compounds into $43,652 by year five. Five-year ROI records 181.82% and total cumulative return in cash reaches $95,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,718/mo property income versus a $773/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1894
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53402, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,759 (100%) |
| Owner Occupied HU | 9,648 (65.4%) |
| Renter Occupied HU | 4,248 (28.8%) |
| Vacant Housing Units | 863 ( 5.8%) |
| Median Home Value | $263,919 |
| Average Home Value | $337,495 |
Housing Distribution
Address Breakdown
Residential
14,345
Single Family
12,540
Multi-Family
1,805
Businesses
454
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