2432 Summit AVENUE, Racine, WI, 53404 | $1,131/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Racine at 2432 Summit AVENUE, Racine, WI, 53404 offers a 14.64% rental yield on a $206,000 purchase with $2,513/mo rent. Total monthly income registers $2,513/mo, and a $1,008/mo payment leaves $1,131/mo available for distribution. Annual cash flow reaches $13,569/yr on $68,289 to close, and return on cash invested stands at 39.78% in year one. Equity gained on principal adds $1,329/yr while 5% annual appreciation supports $56,914 over five years. Portfolio math shows five-year ROI at 210.09% and total cumulative return in cash at $143,468. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,513/mo property income against a $1,008/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

4,791 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