7001 Novak RdRacineWI53402
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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 7001 Novak Rd, Racine, WI, 53402 generates $3,320/mo in rent, after a $6,672/mo payment. Total monthly income is $3,320/mo. Return on cash invested sits at 4.53% in year one, and rental yield is 2.92% on a $1,363,200 entry. Equity gained on principal adds $8,797/yr, while 5% annual appreciation builds toward $376,627 over five years. Five-year ROI reaches 21% and total cumulative return in cash sums $92,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.36 Acres lot
$N/A/sqft
No 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
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