106 E Beeson StJoyIL61260
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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 Joy at 106 E Beeson St, Joy, IL, 61260 offers a 9.54% rental yield on a $145,000 purchase with $1,153/mo rent. Total monthly income registers $1,153/mo, and a $710/mo payment leaves $147/mo available for distribution. Annual cash flow reaches $1,763/yr on $48,068 to close, and return on cash invested stands at 23.58% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 123.47% and total cumulative return in cash at $59,348. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,153/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61260, Joy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 356 (100%) |
| Owner Occupied HU | 231 (64.9%) |
| Renter Occupied HU | 57 (16.0%) |
| Vacant Housing Units | 68 (19.1%) |
| Median Home Value | $111,990 |
| Average Home Value | $153,604 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
16
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