2513 Bate 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 2513 Bate STREET, Racine, WI, 53403 offers a 10.75% rental yield on a $179,900 purchase with $1,612/mo rent. Total monthly income registers $1,612/mo, and a $881/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,850/yr on $59,637 to close, and return on cash invested stands at 28.04% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 147.21% and total cumulative return in cash at $87,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,612/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
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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