609 North Memorial DRIVERacineWI53404
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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
Rental property for sale in Racine at 609 North Memorial DRIVE, Racine, WI, 53404 priced at $144,000 pairs $1,325/mo rent with $358/mo cash flow after a $705/mo payment. Total monthly income equals $1,325/mo, and annual cash flow comes to $4,301/yr on $47,736 invested. Return on cash invested is 28.92% in year one, and rental yield stands at 11.04% on a $144,000 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,785 by year five. Five-year ROI measures 151.87% and total cumulative return in cash reaches $72,498. For financing, Ziffy Mortgage’s DSCR program evaluates $1,325/mo property income against a $705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53404, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,274 (100%) |
| Owner Occupied HU | 2,808 (44.8%) |
| Renter Occupied HU | 2,974 (47.4%) |
| Vacant Housing Units | 492 ( 7.8%) |
| Median Home Value | $178,146 |
| Average Home Value | $203,951 |
Housing Distribution
Address Breakdown
Residential
5,990
Single Family
5,078
Multi-Family
912
Businesses
502
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