105 N Washington StElizabethIL61028
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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 Elizabeth at 105 N Washington St, Elizabeth, IL, 61028 uses $61,162 cash to close to unlock $1,972/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,444/mo, and a $903/mo payment keeps the spread at $164/mo. Purchase price stands at $184,500, and rental yield measures 9.39% with $1,444/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 121.18% and total cumulative return in cash records $74,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,444/mo property income covering a $903/mo payment rather than investor’s personal income.
Single Family
Built in 1936
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61028, Elizabeth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,084 (100%) |
| Owner Occupied HU | 627 (57.8%) |
| Renter Occupied HU | 197 (18.2%) |
| Vacant Housing Units | 260 (24.0%) |
| Median Home Value | $247,642 |
| Average Home Value | $300,817 |
Housing Distribution
Address Breakdown
Residential
744
Single Family
734
Multi-Family
10
Businesses
82
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