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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in West Salem at 201 S Broadway St, West Salem, IL, 62476 priced at $179,900 converts $1,412/mo rent into $164/mo cash flow after a $881/mo obligation. Total monthly income equals $1,412/mo, and annual cash flow totals $1,964/yr on $59,637 invested. Return on cash invested prints 23.2% in year one, and rental yield reads 9.42% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 121.51% and total cumulative return in cash sums $72,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,412/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 62476, West Salem, IL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 731 (100%) |
| Owner Occupied HU | 551 (75.4%) |
| Renter Occupied HU | 84 (11.5%) |
| Vacant Housing Units | 96 (13.1%) |
| Median Home Value | $123,026 |
| Average Home Value | $166,066 |
Residential
686
Single Family
686
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ethan Keyser • Keys Real Estate
Mls Name: NY State MLS
Mls ID: #11572045
