6820 Mariner DRIVE #101RacineWI53406
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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 6820 Mariner DRIVE #101, Racine, WI, 53406 uses $44,719 cash to close to unlock $1,823/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,057/mo, and a $660/mo payment keeps the spread at $152/mo. Purchase price stands at $134,900, and rental yield measures 9.4% with $1,057/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 125.38% and total cumulative return in cash records $56,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,057/mo property income covering a $660/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A 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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