1942 State STREETRacineWI53404
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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
Investment property for sale in Racine at 1942 State STREET, Racine, WI, 53404 listed at $159,900 pairs $947/mo rent with a $783/mo payment. Total monthly income runs $947/mo. Return on cash invested measures 17.05% in year one, and rental yield registers 7.11% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 88.21% and total cumulative return in cash totals $46,758. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $947/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1914
3,049 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
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Listed by: Holly Speranza • Keller Williams-MNS Wauwatosa
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1913799
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.