209 S Jackson StPalestineIL62451
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 Palestine at 209 S Jackson St, Palestine, IL, 62451 priced at $265,000 converts $1,176/mo rent into after a $1,297/mo obligation. Total monthly income equals $1,176/mo. Return on cash invested prints 9.53% in year one, and rental yield reads 5.33% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 48.69% and total cumulative return in cash sums $42,771. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,176/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices