2512 Olive 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 2512 Olive STREET, Racine, WI, 53403 uses $56,355 cash to close to unlock $2,905/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,403/mo, and a $832/mo payment keeps the spread at $242/mo. Purchase price stands at $170,000, and rental yield measures 9.9% with $1,403/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.42% and total cumulative return in cash records $74,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1928
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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