1937 Wustum AVENUERacineWI53404
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 1937 Wustum AVENUE, Racine, WI, 53404 offers a 8.34% rental yield on a $216,900 purchase with $1,508/mo rent. Total monthly income registers $1,508/mo, and a $1,062/mo payment leaves $52/mo available for distribution. Annual cash flow reaches $624/yr on $71,902 to close, and return on cash invested stands at 20.78% in year one. Equity gained on principal adds $1,400/yr while 5% annual appreciation supports $59,925 over five years. Portfolio math shows five-year ROI at 108.16% and total cumulative return in cash at $77,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,508/mo property income against a $1,062/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
9,583 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
