104 N 6th StWittIL62094
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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 Witt at 104 N 6th St, Witt, IL, 62094 priced at $148,100 converts $1,458/mo rent into $431/mo cash flow after a $725/mo obligation. Total monthly income equals $1,458/mo, and annual cash flow totals $5,168/yr on $49,095 invested. Return on cash invested prints 30.43% in year one, and rental yield reads 11.81% against a $148,100 entry. Equity gained on principal adds $956/yr, while 5% annual appreciation compiles into $40,917 by year five. Five-year ROI reaches 160.31% and total cumulative return in cash sums $78,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,458/mo property income covering a $725/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62094, Witt, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 379 (70.7%) |
| Renter Occupied HU | 88 (16.4%) |
| Vacant Housing Units | 69 (12.9%) |
| Median Home Value | $103,906 |
| Average Home Value | $184,241 |
Housing Distribution
Address Breakdown
Residential
316
Single Family
316
Multi-Family
0
Businesses
19
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