1707 Franklin St

Racine, WI 53403
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4 bd, 2 ba | 1,878 sqft | Built in 1900

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List Price
$150,000

$10K

Initial Investment

$44,605

Purchase Price

$150,000

Down Payment

25%

Rent

$1,685

Total Return

$75,170

Annualized Return

22.9%

Cap Rate

7.1%

Gross Yield

13.5%

Cash Flow

$1,590

Appreciation

8.1%
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Features

Occupancy

Month To Month

Lease Start

09/01/2020

Lease End

M/M

Property Type

Duplex

Lot Size

4,836

HOA

None

Flood Risk

Not Required

  • Duplex with both units occupied
  • Unit 1 is month-to-month
  • Unit 2 is now leased through 7/31/2023
  • Pending repairs: Seller is repairing the loose back and front stair handrails
  • Conveniently located near schools, parks, restaurants, and shops

See more in Analysis

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Annual Financial Highlights

Expected Rent

$19,209

Expenses

-$5,264

Property Taxes

-$4,200

Loan Payments

-$8,155

Net Cash Flow

$1,590

See more in Financials

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