1029 E Calumet StCentraliaIL62801
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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 Centralia at 1029 E Calumet St, Centralia, IL, 62801 uses $62,289 cash to close to unlock $5,908/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,796/mo, and a $920/mo payment keeps the spread at $492/mo. Purchase price stands at $187,900, and rental yield measures 11.47% with $1,796/mo rent. Return on cash invested shows 29.39% in year one, and 5% annual appreciation builds toward $51,913 over five years. Five-year ROI reaches 154.74% and total cumulative return in cash records $96,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,796/mo property income covering a $920/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62801, Centralia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,262 (100%) |
| Owner Occupied HU | 5,699 (61.5%) |
| Renter Occupied HU | 2,379 (25.7%) |
| Vacant Housing Units | 1,184 (12.8%) |
| Median Home Value | $103,671 |
| Average Home Value | $137,404 |
Housing Distribution
Address Breakdown
Residential
8,430
Single Family
7,994
Multi-Family
436
Businesses
716
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Listed by: Suzanne Wood • Coldwell Banker Allen & Geary
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB455308
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.