6639 Explorer DRIVERacineWI53406
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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 6639 Explorer DRIVE, Racine, WI, 53406 priced at $439,900 converts $2,974/mo rent into $22/mo cash flow after a $2,153/mo obligation. Total monthly income equals $2,974/mo, and annual cash flow totals $262/yr on $145,827 invested. Return on cash invested prints 20.09% in year one, and rental yield reads 8.11% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 104.48% and total cumulative return in cash sums $152,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,974/mo property income covering a $2,153/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53406, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,581 (100%) |
| Owner Occupied HU | 8,258 (65.6%) |
| Renter Occupied HU | 3,828 (30.4%) |
| Vacant Housing Units | 495 ( 3.9%) |
| Median Home Value | $315,200 |
| Average Home Value | $338,626 |
Housing Distribution
Address Breakdown
Residential
12,535
Single Family
10,627
Multi-Family
1,908
Businesses
790
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Listed by: William Eulberg • Redfin Corporation
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1894368
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.