115 W 1st StVersaillesIL62378
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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 Versailles at 115 W 1st St, Versailles, IL, 62378 priced at $114,900 converts $911/mo rent into $114/mo cash flow after a $562/mo obligation. Total monthly income equals $911/mo, and annual cash flow totals $1,373/yr on $38,089 invested. Return on cash invested prints 23.51% in year one, and rental yield reads 9.51% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 123.22% and total cumulative return in cash sums $46,934. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $911/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62378, Versailles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 426 (100%) |
| Owner Occupied HU | 298 (70.0%) |
| Renter Occupied HU | 45 (10.6%) |
| Vacant Housing Units | 83 (19.5%) |
| Median Home Value | $173,418 |
| Average Home Value | $191,669 |
Housing Distribution
Address Breakdown
Residential
294
Single Family
294
Multi-Family
0
Businesses
10
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Listed by: Lisa Hapke • Bower & Associates Inc., REALTORS - Mt. Sterling
Mls Name: Quincy AOR
Mls Provider:
Mls ID: #203843
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