2520 East Crescent 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 2520 East Crescent STREET, Racine, WI, 53403 uses $61,294 cash to close to unlock $3,697/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,549/mo, and a $905/mo payment keeps the spread at $308/mo. Purchase price stands at $184,900, and rental yield measures 10.05% with $1,549/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 135.94% and total cumulative return in cash records $83,323. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,549/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,534 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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Listed by: Shelly Bethke • RE/MAX Newport
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1895502
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.