16 Franklin StBismarckIL61814
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bismarck at 16 Franklin St, Bismarck, IL, 61814 priced at $144,900 pairs $1,122/mo rent with $117/mo cash flow after a $709/mo payment. Total monthly income equals $1,122/mo, and annual cash flow comes to $1,406/yr on $48,034 invested. Return on cash invested is 22.84% in year one, and rental yield stands at 9.29% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 119.62% and total cumulative return in cash reaches $57,457. For financing, Ziffy Mortgage’s DSCR program evaluates $1,122/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61814, Bismarck, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 337 (80.2%) |
| Renter Occupied HU | 55 (13.1%) |
| Vacant Housing Units | 28 ( 6.7%) |
| Median Home Value | $167,045 |
| Average Home Value | $180,697 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
344
Multi-Family
24
Businesses
29
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