11 E 3rd StEl PasoIL61738
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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 El Paso at 11 E 3rd St, El Paso, IL, 61738 priced at $224,990 converts $2,678/mo rent into $1,118/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,678/mo, and annual cash flow totals $13,412/yr on $74,584 invested. Return on cash invested prints 37.89% in year one, and rental yield reads 14.28% against a $224,990 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,161 by year five. Five-year ROI reaches 200.27% and total cumulative return in cash sums $149,370. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,678/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61738, El Paso, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,690 (100%) |
| Owner Occupied HU | 1,261 (74.6%) |
| Renter Occupied HU | 328 (19.4%) |
| Vacant Housing Units | 101 ( 6.0%) |
| Median Home Value | $180,494 |
| Average Home Value | $224,138 |
Housing Distribution
Address Breakdown
Residential
1,685
Single Family
1,664
Multi-Family
21
Businesses
148
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Listed by: Jill Barclay • EXP Realty, LLC Willow Knolls
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252985
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.