16488 Route 37Johnston CityIL62951
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
Investment property for sale in Johnston City at 16488 Route 37, Johnston City, IL, 62951 listed at $240,000 pairs $1,374/mo rent with a $1,175/mo payment. Total monthly income runs $1,374/mo. Return on cash invested measures 15.52% in year one, and rental yield registers 6.87% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 80.27% and total cumulative return in cash totals $63,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,374/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
5.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
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Nearby investment properties with comparable prices
Listed by: Brittany Morgan • House 2 Home Realty Marion
Mls Name: RMLS Alliance
Mls ID: #QC4265900