6755 Mariner DRIVE #2RacineWI53406
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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 6755 Mariner DRIVE #2, Racine, WI, 53406 earns $869/mo cash flow from $2,320/mo rent with a $883/mo payment. Total monthly income totals $2,320/mo, and annual cash flow totals $10,429/yr on $59,836 capital. ROI tracks 37.34% on current figures, and rental yield reads 15.42% at a $180,500 purchase. Equity gained on principal adds $1,165/yr, and 5% annual appreciation supports $49,869 over five years. Five-year ROI reaches 198.79% and total cumulative return in cash sums $118,950. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,320/mo property income instead of your personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$240 monthly 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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