1609 10th 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
Investment property for sale in Charleston at 1609 10th St, Charleston, IL, 61920 listed at $127,000 pairs $1,422/mo rent with a $622/mo payment to leave $541/mo cash flow. Total monthly income runs $1,422/mo, and annual cash flow reaches $6,488/yr on $42,101 cash to close. Return on cash invested measures 35.32% in year one, and rental yield registers 13.44% at a $127,000 basis. Equity gained on principal adds $820/yr, and annual property appreciation at 5% supports $35,088 by year five. Five-year ROI tracks 186.52% and total cumulative return in cash totals $78,525. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,422/mo property income relative to a $622/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
6,969 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: Terri Bailey • Coldwell Banker Classic Real Estate
Mls Name: CIBR
Mls Provider:
Mls ID: #6252946
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.