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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Georgetown at 1007 E 14th St, Georgetown, IL, 61846 offers a 11.15% rental yield on a $155,000 purchase with $1,440/mo rent. Total monthly income registers $1,440/mo, and a $759/mo payment leaves $365/mo available for distribution. Annual cash flow reaches $4,374/yr on $51,383 to close, and return on cash invested stands at 28.42% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 149.52% and total cumulative return in cash at $76,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 61846, Georgetown, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,127 (100%) |
| Owner Occupied HU | 1,371 (64.5%) |
| Renter Occupied HU | 525 (24.7%) |
| Vacant Housing Units | 231 (10.9%) |
| Median Home Value | $86,852 |
| Average Home Value | $120,954 |
Residential
1,945
Single Family
1,905
Multi-Family
40
Businesses
103
Date | Event | Price |
|---|---|---|
| 2024-08-20 | Price change | $155,000 |
| 2024-07-31 | Listed for sale | $160,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-09-14 | $1947.60 | 3.98% | $21,079 | 5.00% |
| 2021-09-14 | $1873.00 | 3.77% | $20,076 | 6.00% |
| 2020-09-14 | $1805.04 | 4.54% | $18,940 | 10.23% |
Listed by: Anita Gash • Classic Homes Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6245081
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.
