2912 Wright AVENUERacineWI53405
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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 2912 Wright AVENUE, Racine, WI, 53405 earns $85/mo cash flow from $1,762/mo rent with a $1,223/mo payment. Total monthly income totals $1,762/mo, and annual cash flow totals $1,020/yr on $82,842 capital. ROI tracks 21.14% on current figures, and rental yield reads 8.46% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 110.19% and total cumulative return in cash sums $91,286. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,762/mo property income instead of your personal income.
Multi Family
Built in 1898
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53405, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,568 (100%) |
| Owner Occupied HU | 6,872 (65.0%) |
| Renter Occupied HU | 3,200 (30.3%) |
| Vacant Housing Units | 496 ( 4.7%) |
| Median Home Value | $195,508 |
| Average Home Value | $291,686 |
Housing Distribution
Address Breakdown
Residential
10,658
Single Family
9,899
Multi-Family
759
Businesses
400
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