1016 S Adams StGolcondaIL62938
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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 Golconda at 1016 S Adams St, Golconda, IL, 62938 uses $35,471 cash to close to unlock $1,050/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $830/mo, and a $524/mo payment keeps the spread at $88/mo. Purchase price stands at $107,000, and rental yield measures 9.31% with $830/mo rent. Return on cash invested shows 22.87% in year one, and 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 119.74% and total cumulative return in cash records $42,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $830/mo property income covering a $524/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62938, Golconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,718 (100%) |
| Owner Occupied HU | 1,004 (58.4%) |
| Renter Occupied HU | 219 (12.7%) |
| Vacant Housing Units | 495 (28.8%) |
| Median Home Value | $174,788 |
| Average Home Value | $201,892 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,134
Multi-Family
0
Businesses
89
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