1313 W BroadwaySteelevilleIL62288
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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 Steeleville at 1313 W Broadway, Steeleville, IL, 62288 earns $467/mo cash flow from $2,056/mo rent with a $1,121/mo payment. Total monthly income totals $2,056/mo, and annual cash flow totals $5,609/yr on $75,914 capital. ROI tracks 27.3% on current figures, and rental yield reads 10.77% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 143.47% and total cumulative return in cash sums $108,917. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,056/mo property income instead of your personal income.
Single Family
Built in N/A
105 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62288, Steeleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,381 (100%) |
| Owner Occupied HU | 979 (70.9%) |
| Renter Occupied HU | 245 (17.7%) |
| Vacant Housing Units | 157 (11.4%) |
| Median Home Value | $198,818 |
| Average Home Value | $272,306 |
Housing Distribution
Address Breakdown
Residential
1,230
Single Family
1,219
Multi-Family
11
Businesses
97
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Listed by: N/A • N/A
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