1513 W Madison StHerrinIL62948
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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 Herrin at 1513 W Madison St, Herrin, IL, 62948 earns $271/mo cash flow from $1,242/mo rent with a $685/mo payment. Total monthly income totals $1,242/mo, and annual cash flow totals $3,256/yr on $46,377 capital. ROI tracks 26.93% on current figures, and rental yield reads 10.65% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 141.52% and total cumulative return in cash sums $65,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,242/mo property income instead of your personal income.
Single Family
Built in 1986
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62948, Herrin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,114 (100%) |
| Owner Occupied HU | 3,554 (58.1%) |
| Renter Occupied HU | 1,805 (29.5%) |
| Vacant Housing Units | 755 (12.3%) |
| Median Home Value | $133,249 |
| Average Home Value | $159,634 |
Housing Distribution
Address Breakdown
Residential
5,750
Single Family
5,552
Multi-Family
198
Businesses
433
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Listed by: Brytney Bundren • House 2 Home Realty Carterville
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259846
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.