1427 9th StCharlestonIL61920
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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
Rental property for sale in Charleston at 1427 9th St, Charleston, IL, 61920 generates $1,246/mo in rent and, after a $538/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,246/mo, and annual cash flow is $3,137/yr on $36,465 invested. Return on cash invested sits at 28.51% in year one, and rental yield is 13.59% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 152.69% and total cumulative return in cash sums $55,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,246/mo property income rather than buyer’s personal income.
Multi Family
Built in 1904
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61920, Charleston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,918 (100%) |
| Owner Occupied HU | 4,689 (47.3%) |
| Renter Occupied HU | 3,790 (38.2%) |
| Vacant Housing Units | 1,439 (14.5%) |
| Median Home Value | $156,599 |
| Average Home Value | $197,069 |
Housing Distribution
Address Breakdown
Residential
9,340
Single Family
7,831
Multi-Family
1,509
Businesses
683
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Listed by: Jennifer Swensen • Century 21 KIMA Properties
Mls Name: CIBR
Mls Provider:
Mls ID: #6246258
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.