1348 Madison Ave, Madison, IL, 62060 | 7.17% Rental Yield

For Sale

Currently Rented

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,350/mo, and a $1,106/mo payment. Purchase price stands at $226,000, and rental yield measures 7.17% with $1,350/mo rent. Return on cash invested shows 16.43% in year one, and 5% annual appreciation builds toward $62,440 over five years. Five-year ROI reaches 85.16% and total cumulative return in cash records $63,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $1,106/mo payment rather than investor’s personal income.

Multi Family

Built in 1940

0.29 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 62060, Madison, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,045 (100%)
Owner Occupied HU	904 (44.2%)
Renter Occupied HU	753 (36.8%)
Vacant Housing Units	388 (19.0%)
Median Home Value	$100,862
Average Home Value	$157,835