1316 Calvin DrWashingtonIL61571
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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 Washington at 1316 Calvin Dr, Washington, IL, 61571 uses $82,875 cash to close to unlock $2,035/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $1,224/mo payment keeps the spread at $170/mo. Purchase price stands at $250,000, and rental yield measures 9.14% with $1,904/mo rent. Return on cash invested shows 22.36% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 117.02% and total cumulative return in cash records $96,982. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2013
6,525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: Jeanette Pritchard • RE/MAX WRC Downtown
Mls Name: RMLS Alliance
Mls ID: #PA1259698