1306 E Elm StWest FrankfortIL62896
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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 West Frankfort at 1306 E Elm St, West Frankfort, IL, 62896 uses $54,698 cash to close to unlock $1,165/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,242/mo, and a $808/mo payment keeps the spread at $97/mo. Purchase price stands at $165,000, and rental yield measures 9.03% with $1,242/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 115.31% and total cumulative return in cash records $63,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,242/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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Listed by: Kurt Avripas • Avripas Southern Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12551026