1219 Racine St · Racine, WI 53403

$74,900

4 bd · 1.0 ba · 1,237 sqft · SingleFamily public records · 42 Days on market

Built 1870 4,791 sqft lot $61/sqft · 44% below area Est $135k · 44% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable starter home which will require repair and renovations prior to occupancy. Cash offers only.

Key facts

• Neighborhood parks
• Local dining
• 4,791 sq ft lot

Tags

• CONVENIENT ACCESS TO DOWNTOWN
• LOCAL DINING
• NEIGHBORHOOD PARKS
• MINUTES FROM LAKE MICHIGAN

Property features AI

Exterior

• Parking: 1 parking space
• Utilities: Municipal water; Municipal sewer
• Home design: 1.5-story single-family home; Less than 1/2 acre lot; Zoning: R3
• Construction: Information source for year built: Assessor/Public Record
• Exterior features: Vinyl exterior; Sidewalks

Interior

• Kitchen: Kitchen on main level — 13 x 6
• Bedrooms: Master bedroom (upper) — 14 x 9; Bedroom 2 (main) — 9 x 8; Bedroom 3 (main) — 8 x 8; Bedroom 4 (upper) — 13 x 7
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas fuel
• Interior features: Full basement; Shower over tub

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $627 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.3% vs local median 4.0% in Racine — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#58 in WI, #1,622 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D, schools D-.
• Racine Unified School District (urban): math 12% / reading 20% proficiency, ranked #335 of 342 in WI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.8%/yr); 91 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 505 units permitted in Racine County in 2024 (287 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Racine County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.8% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $14k; list at $75k implies a 455% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.93% ✓
• Cap rate: 16.34%
• Cash-on-cash: 35.88%
• DSCR: 2.60
• GRM: 4.3

CMA / ARV

• ARV (median comp): $134,886
• List price: $74,900
• Delta: -44.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1236 Grand Ave	0.26mi	3/1.0 (-1)	1,296 (+5%)	2mo	$85,000	$66	73
1133 Grand Ave	0.29mi	4/1.0	1,114 (-10%)	6mo	$160,000	$144	65
945 Villa St	0.42mi	3/1.0 (-1)	1,184 (-4%)	4mo	$135,000	$114	64
943 Walnut St	0.26mi	3/2.0 (-1)	1,136 (-8%)	7mo	$210,000	$185	60
228 N Memorial Dr	0.54mi	4/1.0	1,116 (-10%)	3mo	$25,000	$22	56
1827 Franklin St	0.68mi	3/1.0 (-1)	1,155 (-7%)	2mo	$53,500	$46	51
1835 Grand Ave	0.73mi	3/1.0 (-1)	1,290 (+4%)	6mo	$115,000	$89	49
1616 Morton Ave	0.74mi	3/1.0 (-1)	1,181 (-4%)	6mo	$105,000	$89	48
1550 Packard Ave	0.51mi	3/1.0 (-1)	1,087 (-12%)	4mo	$72,500	$67	48
265 Harrison St	0.61mi	3/1.0 (-1)	1,080 (-13%)	4mo	$30,000	$28	42
1808 Franklin St	0.64mi	3/1.5 (-1)	1,134 (-8%)	9mo	$188,000	$166	42
408 Randolph St	0.69mi	3/1.0 (-1)	1,061 (-14%)	4mo	$70,000	$66	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.84% rent growth · sell at horizon

5-year hold

• IRR: 34.8%
• Equity multiple: 2.53×
• Total profit: $32,085
• Equity at exit: $11,168

10-year hold

• IRR: 43.1%
• Equity multiple: 5.67×
• Total profit: $97,983
• Equity at exit: $6,476

Cash invested: $20,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53403

• Rents YoY: 5.8%
• Active inventory: 91
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,449 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $627

Break-even live

Break-even rent $655

Max offer price $74,900

Occupancy floor 52%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
512 16th St Unit 2 Racine, WI	3.0	1.0	959	$1,095	$1.14	20d	1	0.53mi
1540 Park Ave Unit 301 Racine, WI	3.0	1.0	950	$1,200	$1.26	20d	1	0.54mi
1722 Wisconsin Ave Unit 2 Racine, WI	3.0	1.0	1380	$1,860	$1.35	20d	1	0.74mi
1612 Winslow St Racine, WI	3.0	1.0	1200	$1,300	$1.08	20d	1	0.78mi
945 N Memorial Dr Unit 1-2-3 Racine, WI	3.0	1.0	1500	$1,450	$0.97	20d	1	1.08mi
2328 21st St Racine, WI	3.0	1.0	1239	$1,750	$1.41	13d	1	1.16mi
1210 Erie St Racine, WI	3.0	1.0	1350	$1,150	$0.85	13d	1	1.28mi

Listing history 22 events

1. 2026-06-19
   days on market $74,900 Active 42 DOM
2. 2026-06-18
   days on market $74,900 Active 41 DOM
3. 2026-06-17
   days on market $74,900 Active 40 DOM
4. 2026-06-16
   days on market $74,900 Active 39 DOM
5. 2026-06-15
   days on market $74,900 Active 38 DOM
6. 2026-06-14
   days on market $74,900 Active 36 DOM
7. 2026-06-13
   days on market $74,900 Active 35 DOM
8. 2026-06-10
   days on market $74,900 Active 33 DOM
9. 2026-06-09
   days on market $74,900 Active 32 DOM
10. 2026-06-09
    price $74,900 Active 31 DOM
11. 2026-06-08
    days on market $75,900 Active 31 DOM
12. 2026-06-07
    days on market $75,900 Active 30 DOM
13. 2026-06-05
    days on market $75,900 Active 27 DOM
14. 2026-06-03
    days on market $75,900 Active 26 DOM
15. 2026-06-02
    days on market $75,900 Active 25 DOM
16. 2026-06-01
    pricedays on market $75,900 Active 24 DOM
17. 2026-05-31
    days on market $76,900 Active 23 DOM
18. 2026-05-30
    days on market $76,900 Active 22 DOM
19. 2026-05-08
    listed $79,900 Active 726-char remark
20. 2017-05-04
    soldstatus $13,500 Sold 103-char remark

    Show marketing remark (103 chars)

    Affordable starter home which will require repair and renovations prior to occupancy. Cash offers only.

21. 2017-04-20
    status Pending 103-char remark

    Show marketing remark (103 chars)

    Affordable starter home which will require repair and renovations prior to occupancy. Cash offers only.

22. 2017-03-09
    listed $19,900 Active 103-char remark

    Show marketing remark (103 chars)

    Affordable starter home which will require repair and renovations prior to occupancy. Cash offers only.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,389
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$1,391
• − Management: −$1,391
• − Depreciation: −$2,179
• Taxable income: $6,734
• Est. tax owed @ 24.0%: −$1,616
• After-tax cash flow: $5,909/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Racine Unified School District
• NCES district ID: 5512360
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 20% ▬ 0.00%
• Median HH income: $50,716
• Composite: 14.64/100
• National rank: #9405
• State rank: #335 of 342 in WI

Livability — Racine

• Score: 80/100
• State rank: #58
• US rank: #1622

Category grades

Amenities B- Commute A+ Cost of living A+ Crime C Employment D Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Racine, WI
• County: Racine County · 146,693 people
• City population: 67,505
• Metro: Racine, WI
• Population (ZIP): 27,009
• Household income: $59,820
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1164.0

Population outlook (Racine County) Hauer SSP2

• Today (2025): 195,281 people
• By 2030: 193,725 · -0.8%
• By 2040: 188,159 · -3.6%
• By 2050: 181,323 · -7.1%
• By 2075: 174,342 · -10.7%
• By 2100: 166,870 · -14.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 42% Black 27% Hispanic / Latino 24% Two or more races 16%
• Hispanic origin (detail): Mexican 19% Puerto Rican 3%
• Common ancestry: Romanian 3% Portuguese 2% Lithuanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 15%

Political lean MEDSL · Racine

• 2024 margin: Lean R (+6.2) · D 46.3% · R 52.5% · Other 1.2%
• 2008→2024 swing: -13.6pp toward R · 2008: 7.4pp · 2024: -6.2pp
• All cycles: 2024: R+6.2 2020: R+4.1 2016: R+4.4 2012: D+3.6 2008: D+7.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -147.08%
• Current HPI: 191.0012
• Rent YoY: ▲ 5.84%
• Metro: Racine, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+276.4% since first listed

9 events — show timeline

• 2026-06-08 Price Changed $74,900 METROMLS
• 2026-06-01 Price Changed $75,900 METROMLS
• 2026-05-28 Price Changed $76,900 METROMLS
• 2026-05-26 Price Changed $77,900 METROMLS
• 2026-05-22 Price Changed $78,900 METROMLS
• 2026-05-08 Listed $79,900 METROMLS
• 2017-05-04 Sold (MLS) $13,500 METROMLS
• 2017-04-20 Pending — METROMLS
• 2017-03-09 Listed $19,900 METROMLS

Property tax history

+13.0%/yr

Latest (2025): $4,646 · -10.1% YoY. Source: county tax records.