206 N Main StFreeburgIL62243
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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 Freeburg at 206 N Main St, Freeburg, IL, 62243 priced at $117,000 converts $931/mo rent into $119/mo cash flow after a $573/mo obligation. Total monthly income equals $931/mo, and annual cash flow totals $1,429/yr on $38,786 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.55% against a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation compiles into $32,325 by year five. Five-year ROI reaches 123.7% and total cumulative return in cash sums $47,977. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $931/mo property income covering a $573/mo payment, not borrower’s personal income.
Single Family
Built in 1837
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62243, Freeburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,453 (100%) |
| Owner Occupied HU | 1,948 (79.4%) |
| Renter Occupied HU | 340 (13.9%) |
| Vacant Housing Units | 165 ( 6.7%) |
| Median Home Value | $316,312 |
| Average Home Value | $332,109 |
Housing Distribution
Address Breakdown
Residential
2,430
Single Family
2,430
Multi-Family
0
Businesses
201
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