11 Cedar LnGolcondaIL62938
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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 Golconda at 11 Cedar Ln, Golconda, IL, 62938 with 5% annual appreciation on a $122,500 basis while $967/mo rent supports operations. Total monthly income totals $967/mo and a $600/mo payment preserves $117/mo for cash returns. Annual cash flow comes to $1,403/yr on $40,609 deployed, and return on cash invested reaches 23.36% in year one. Equity gained on principal adds $790/yr, and five-year appreciation sums $33,844 alongside rental yield of 9.47%. Five-year ROI measures 122.37% and total cumulative return in cash totals $49,692.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $967/mo property income versus a $600/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62938, Golconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,718 (100%) |
| Owner Occupied HU | 1,004 (58.4%) |
| Renter Occupied HU | 219 (12.7%) |
| Vacant Housing Units | 495 (28.8%) |
| Median Home Value | $174,788 |
| Average Home Value | $201,892 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,134
Multi-Family
0
Businesses
89
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