103 S Meadowview LnWashingtonIL61571
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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 Washington at 103 S Meadowview Ln, Washington, IL, 61571 priced at $125,000 pairs $1,382/mo rent with $515/mo cash flow after a $612/mo payment. Total monthly income equals $1,382/mo, and annual cash flow comes to $6,177/yr on $41,438 invested. Return on cash invested is 34.82% in year one, and rental yield stands at 13.27% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 183.76% and total cumulative return in cash reaches $76,145. For financing, Ziffy Mortgage’s DSCR program evaluates $1,382/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls ID: #PA1261352