1008 State Highway 37West FrankfortIL62896
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 West Frankfort at 1008 State Highway 37, West Frankfort, IL, 62896 uses $77,869 cash to close to unlock $4,349/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,992/mo, and a $1,150/mo payment keeps the spread at $362/mo. Purchase price stands at $234,900, and rental yield measures 10.18% with $1,992/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 133.82% and total cumulative return in cash records $104,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,992/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kurt Avripas • Avripas Southern Real Estate
Mls Name: RMLS Alliance
Mls ID: #EB459402