700 Waters Edge ROAD #22RacineWI53402
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 700 Waters Edge ROAD #22, Racine, WI, 53402 listed at $739,000 pairs $1,378/mo rent with a $3,617/mo payment. Total monthly income runs $1,378/mo. Return on cash invested measures 0.82% in year one, and rental yield registers 2.24% at a $739,000 basis. Equity gained on principal adds $4,769/yr, and annual property appreciation at 5% supports $204,172 by year five. Five-year ROI tracks 1.72% and total cumulative return in cash totals $4,184. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,378/mo property income relative to a $3,617/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
N/A lot
$N/A/sqft
$316 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53402, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,759 (100%) |
| Owner Occupied HU | 9,648 (65.4%) |
| Renter Occupied HU | 4,248 (28.8%) |
| Vacant Housing Units | 863 ( 5.8%) |
| Median Home Value | $263,919 |
| Average Home Value | $337,495 |
Housing Distribution
Address Breakdown
Residential
14,345
Single Family
12,540
Multi-Family
1,805
Businesses
454
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
