333 Lake AVENUE #803RacineWI53403
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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 333 Lake AVENUE #803, Racine, WI, 53403 earns from $3,037/mo rent with a $2,153/mo payment. Total monthly income totals $3,037/mo. ROI tracks 10.77% on current figures, and rental yield reads 8.28% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 58.09% and total cumulative return in cash sums $84,711. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,037/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$900 monthly 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: Robin Polzin • Shorewest Realtors, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1914072
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.