2508 Rapids DRIVERacineWI53404
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
Total monthly income runs $1,140/mo, and a $979/mo payment. Purchase price stands at $200,000, and rental yield measures 6.84% with $1,140/mo rent. Return on cash invested shows 16.25% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 83.9% and total cumulative return in cash records $55,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices