129 N 6th 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 129 N 6th St, Cowden, IL, 62422 offers a 12.06% rental yield on a $120,000 purchase with $1,206/mo rent. Total monthly income registers $1,206/mo, and a $587/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,488/yr on $39,780 to close, and return on cash invested stands at 31.19% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 164.3% and total cumulative return in cash at $65,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,206/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2 sqft 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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