16 Miller AveCharlestonIL61920
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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 Charleston at 16 Miller Ave, Charleston, IL, 61920 with 5% annual appreciation on a $161,250 basis while $1,481/mo rent supports operations. Total monthly income totals $1,481/mo and a $789/mo payment preserves $363/mo for cash returns. Annual cash flow comes to $4,353/yr on $53,454 deployed, and return on cash invested reaches 28.05% in year one. Equity gained on principal adds $1,041/yr, and five-year appreciation sums $44,550 alongside rental yield of 11.02%. Five-year ROI measures 147.49% and total cumulative return in cash totals $78,838.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,481/mo property income versus a $789/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
9,583 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: Debbie Warman • All-American Realty
Mls Name: CIBR
Mls Provider:
Mls ID: #6254300
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.