205 E Liberty StMill ShoalsIL62862
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mill Shoals at 205 E Liberty St, Mill Shoals, IL, 62862 offers $1,476/mo rent that, after a $925/mo payment, leaves $165/mo cash flow. Total monthly income is $1,476/mo, and annual cash flow is $1,981/yr on $62,654 cash. Return on cash invested measures 23.07% in year one, and rental yield stands at 9.37% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 120.85% and total cumulative return in cash reaches $75,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,476/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2015
8.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62862, Mill Shoals, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 150 (100%) |
| Owner Occupied HU | 106 (70.7%) |
| Renter Occupied HU | 25 (16.7%) |
| Vacant Housing Units | 19 (12.7%) |
| Median Home Value | $102,778 |
| Average Home Value | $172,712 |
Housing Distribution
Address Breakdown
Residential
128
Single Family
128
Multi-Family
0
Businesses
9
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Listed by: Linda D. Tucker • Pollard Realty
Mls Name: My State MLS
Mls ID: #11413271