10224 Illinois Steel RdJohnston CityIL62951
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 Johnston City at 10224 Illinois Steel Rd, Johnston City, IL, 62951 uses $120,998 cash to close to unlock $10,545/yr annual cash flow and $879/mo monthly cash flow. Total monthly income runs $3,410/mo, and a $1,786/mo payment keeps the spread at $879/mo. Purchase price stands at $365,000, and rental yield measures 11.21% with $3,410/mo rent. Return on cash invested shows 28.62% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 150.55% and total cumulative return in cash records $182,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,410/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1998
6.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristen Anastasi • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls ID: #QC4265105