102 Jersey StRaritanIL61471
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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
Rental property for sale in Raritan at 102 Jersey St, Raritan, IL, 61471 priced at $165,000 converts $1,286/mo rent into $141/mo cash flow after a $808/mo obligation. Total monthly income equals $1,286/mo, and annual cash flow totals $1,693/yr on $54,698 invested. Return on cash invested prints 23.01% in year one, and rental yield reads 9.35% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 120.53% and total cumulative return in cash sums $65,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,286/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1863
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61471, Raritan, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 122 (100%) |
| Owner Occupied HU | 83 (68.0%) |
| Renter Occupied HU | 21 (17.2%) |
| Vacant Housing Units | 18 (14.8%) |
| Median Home Value | $95,000 |
| Average Home Value | $126,084 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
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