2311 Mead STREETRacineWI53403
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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 2311 Mead STREET, Racine, WI, 53403 uses $49,725 cash to close to unlock $2,166/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,187/mo, and a $734/mo payment keeps the spread at $181/mo. Purchase price stands at $149,999, and rental yield measures 9.5% with $1,187/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 126.95% and total cumulative return in cash records $63,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,187/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53403, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,449 (100%) |
| Owner Occupied HU | 6,123 (49.2%) |
| Renter Occupied HU | 5,171 (41.5%) |
| Vacant Housing Units | 1,155 ( 9.3%) |
| Median Home Value | $208,046 |
| Average Home Value | $280,532 |
Housing Distribution
Address Breakdown
Residential
11,459
Single Family
9,628
Multi-Family
1,831
Businesses
899
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