219 E Parkside DrWashburnIL61570
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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 Washburn at 219 E Parkside Dr, Washburn, IL, 61570 priced at $140,000 converts $1,209/mo rent into $238/mo cash flow after a $685/mo obligation. Total monthly income equals $1,209/mo, and annual cash flow totals $2,858/yr on $46,410 invested. Return on cash invested prints 26.07% in year one, and rental yield reads 10.36% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 136.91% and total cumulative return in cash sums $63,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,209/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61570, Washburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 745 (100%) |
| Owner Occupied HU | 542 (72.8%) |
| Renter Occupied HU | 131 (17.6%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $142,500 |
| Average Home Value | $195,037 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
595
Multi-Family
10
Businesses
46
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Listed by: Julie A Bowald • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257365
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.