20406 E River RdPalestineIL62451
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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 Palestine at 20406 E River Rd, Palestine, IL, 62451 uses $40,609 cash to close to unlock $6,623/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $1,402/mo, and a $600/mo payment keeps the spread at $552/mo. Purchase price stands at $122,500, and rental yield measures 13.73% with $1,402/mo rent. Return on cash invested shows 36.22% in year one, and 5% annual appreciation builds toward $33,844 over five years. Five-year ROI reaches 191.28% and total cumulative return in cash records $77,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,402/mo property income covering a $600/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62451, Palestine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 726 (73.2%) |
| Renter Occupied HU | 140 (14.1%) |
| Vacant Housing Units | 126 (12.7%) |
| Median Home Value | $113,924 |
| Average Home Value | $159,332 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
80
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