1909 E Elm StWest FrankfortIL62896
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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 West Frankfort at 1909 E Elm St, West Frankfort, IL, 62896 priced at $119,000 converts $928/mo rent into $103/mo cash flow after a $582/mo obligation. Total monthly income equals $928/mo, and annual cash flow totals $1,236/yr on $39,449 invested. Return on cash invested prints 23.04% in year one, and rental yield reads 9.36% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 120.75% and total cumulative return in cash sums $47,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $928/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in 1921
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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Listed by: MELANIE M HAMPTON • PROPERTY WITH TLC, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #EB456037
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.