2007 Hayes AVENUERacineWI53405
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 2007 Hayes AVENUE, Racine, WI, 53405 uses $33,150 cash to close to unlock $1,396/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $787/mo, and a $489/mo payment keeps the spread at $116/mo. Purchase price stands at $100,000, and rental yield measures 9.44% with $787/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.24% and total cumulative return in cash records $41,848. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $787/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1923
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53405, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,568 (100%) |
| Owner Occupied HU | 6,872 (65.0%) |
| Renter Occupied HU | 3,200 (30.3%) |
| Vacant Housing Units | 496 ( 4.7%) |
| Median Home Value | $195,508 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
10,658
Single Family
9,899
Multi-Family
759
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices