204 E Lancaster RdWest SalemIL62476
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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 West Salem at 204 E Lancaster Rd, West Salem, IL, 62476 earns $65/mo cash flow from $814/mo rent with a $529/mo payment. Total monthly income totals $814/mo, and annual cash flow totals $774/yr on $35,802 capital. ROI tracks 22.07% on current figures, and rental yield reads 9.04% at a $108,000 purchase. Equity gained on principal adds $697/yr, and 5% annual appreciation supports $29,838 over five years. Five-year ROI reaches 115.46% and total cumulative return in cash sums $41,336. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $814/mo property income instead of your personal income.
Single Family
Built in 2003
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62476, West Salem, IL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
686
Single Family
686
Multi-Family
0
Businesses
40
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Nearby investment properties with comparable prices
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