223 N King StHurstIL62949
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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 Hurst at 223 N King St, Hurst, IL, 62949 uses $54,664 cash to close to unlock $15,412/yr annual cash flow and $1,284/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $807/mo payment keeps the spread at $1,284/mo. Purchase price stands at $164,900, and rental yield measures 17.67% with $2,428/mo rent. Return on cash invested shows 48.1% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 255.07% and total cumulative return in cash records $139,432. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1991
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62949, Hurst, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 332 (100%) |
| Owner Occupied HU | 193 (58.1%) |
| Renter Occupied HU | 93 (28.0%) |
| Vacant Housing Units | 46 (13.9%) |
| Median Home Value | $75,345 |
| Average Home Value | $142,034 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
11
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Listed by: Robert Owsley • Southern Illinois Realty Experts Herrin
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4253873
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.