118 Park AveGillespieIL62033
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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
Total monthly income runs $870/mo, and a $753/mo payment. Purchase price stands at $153,900, and rental yield measures 6.78% with $870/mo rent. Return on cash invested shows 15.27% in year one, and 5% annual appreciation builds toward $42,520 over five years. Five-year ROI reaches 78.95% and total cumulative return in cash records $40,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $870/mo property income covering a $753/mo payment rather than investor’s personal income.
Single Family
Built in 1945
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62033, Gillespie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,279 (100%) |
| Owner Occupied HU | 1,466 (64.3%) |
| Renter Occupied HU | 471 (20.7%) |
| Vacant Housing Units | 342 (15.0%) |
| Median Home Value | $116,905 |
| Average Home Value | $157,456 |
Housing Distribution
Address Breakdown
Residential
2,007
Single Family
2,003
Multi-Family
4
Businesses
124
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