118 Florida AveWashingtonIL61571
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 Washington at 118 Florida Ave, Washington, IL, 61571 with 5% annual appreciation on a $110,500 basis while $873/mo rent supports operations. Total monthly income totals $873/mo and a $541/mo payment preserves $106/mo for cash returns. Annual cash flow comes to $1,277/yr on $36,631 deployed, and return on cash invested reaches 23.39% in year one. Equity gained on principal adds $713/yr, and five-year appreciation sums $30,529 alongside rental yield of 9.48%. Five-year ROI measures 122.62% and total cumulative return in cash totals $44,917.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $873/mo property income versus a $541/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
7,840 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
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Listed by: Tracy Lockenour • HomeSmart Realty Group Illinois
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549775