118 N 2nd StCowdenIL62422
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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
Investment property for sale in Cowden at 118 N 2nd St, Cowden, IL, 62422 listed at $173,500 pairs $0/mo rent with a $849/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.2% in year one, and rental yield registers 0% at a $173,500 basis. Equity gained on principal adds $1,120/yr, and annual property appreciation at 5% supports $47,935 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $849/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62422, Cowden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 443 (73.8%) |
| Renter Occupied HU | 111 (18.5%) |
| Vacant Housing Units | 46 ( 7.7%) |
| Median Home Value | $174,764 |
| Average Home Value | $199,453 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
20
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