1 S 4th StAltamontIL62411
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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
Investment property for sale in Altamont at 1 S 4th St, Altamont, IL, 62411 listed at $117,500 pairs $896/mo rent with a $575/mo payment to leave $81/mo cash flow. Total monthly income runs $896/mo, and annual cash flow reaches $973/yr on $38,951 cash to close. Return on cash invested measures 22.41% in year one, and rental yield registers 9.15% at a $117,500 basis. Equity gained on principal adds $758/yr, and annual property appreciation at 5% supports $32,463 by year five. Five-year ROI tracks 117.32% and total cumulative return in cash totals $45,698. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $896/mo property income relative to a $575/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62411, Altamont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,455 (74.8%) |
| Renter Occupied HU | 326 (16.8%) |
| Vacant Housing Units | 165 ( 8.5%) |
| Median Home Value | $164,718 |
| Average Home Value | $241,765 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,745
Multi-Family
55
Businesses
167
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