18 Old Golconda RdGolcondaIL62938
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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
Rental property for sale in Golconda at 18 Old Golconda Rd, Golconda, IL, 62938 priced at $113,500 converts $852/mo rent into $64/mo cash flow after a $556/mo obligation. Total monthly income equals $852/mo, and annual cash flow totals $771/yr on $37,625 invested. Return on cash invested prints 21.96% in year one, and rental yield reads 9.01% against a $113,500 entry. Equity gained on principal adds $732/yr, while 5% annual appreciation compiles into $31,358 by year five. Five-year ROI reaches 114.96% and total cumulative return in cash sums $43,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $852/mo property income covering a $556/mo payment, not borrower’s personal income.
Single Family
Built in 1920
12.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62938, Golconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,718 (100%) |
| Owner Occupied HU | 1,004 (58.4%) |
| Renter Occupied HU | 219 (12.7%) |
| Vacant Housing Units | 495 (28.8%) |
| Median Home Value | $174,788 |
| Average Home Value | $201,892 |
Housing Distribution
Address Breakdown
Residential
1,134
Single Family
1,134
Multi-Family
0
Businesses
89
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Listed by: Lynn D Beasley • Midwest Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB458845
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.