945 North Memorial DRIVERacineWI53404
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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 945 North Memorial DRIVE, Racine, WI, 53404 generates $1,670/mo in rent and, after a $1,116/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,670/mo, and annual cash flow is $1,678/yr on $75,582 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 8.79% on a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 115.43% and total cumulative return in cash sums $87,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,670/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 53404, Racine, WI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,274 (100%) |
| Owner Occupied HU | 2,808 (44.8%) |
| Renter Occupied HU | 2,974 (47.4%) |
| Vacant Housing Units | 492 ( 7.8%) |
| Median Home Value | $178,146 |
| Average Home Value | $203,951 |
Housing Distribution
Address Breakdown
Residential
5,990
Single Family
5,078
Multi-Family
912
Businesses
502
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