2419 Thor AVENUERacineWI53405
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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 2419 Thor AVENUE, Racine, WI, 53405 listed at $199,999 pairs $1,557/mo rent with a $979/mo payment to leave $215/mo cash flow. Total monthly income runs $1,557/mo, and annual cash flow reaches $2,576/yr on $66,300 cash to close. Return on cash invested measures 23.79% in year one, and rental yield registers 9.34% at a $199,999 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 124.37% and total cumulative return in cash totals $82,460. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,557/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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