112 Franklin StWashingtonIL61571
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
Rental property for sale in Washington at 112 Franklin St, Washington, IL, 61571 priced at $164,900 converts $1,241/mo rent into $74/mo cash flow after a $807/mo obligation. Total monthly income equals $1,241/mo, and annual cash flow totals $889/yr on $54,664 invested. Return on cash invested prints 21.54% in year one, and rental yield reads 9.03% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 112.8% and total cumulative return in cash sums $61,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,241/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1946
9,536 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Knickerbocker • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255431
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.