1117 E Ash StHerrinIL62948
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Herrin at 1117 E Ash St, Herrin, IL, 62948 uses $33,150 cash to close to unlock $1,357/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $958/mo, and a $489/mo payment keeps the spread at $113/mo. Purchase price stands at $100,000, and rental yield measures 11.5% with $958/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 127.9% and total cumulative return in cash records $42,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $958/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl Winters • Above & Beyond Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458501
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.