229 Cherry LnWashingtonIL61571
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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 Washington at 229 Cherry Ln, Washington, IL, 61571 offers a 8.4% rental yield on a $244,000 purchase with $1,707/mo rent. Total monthly income registers $1,707/mo, and a $1,194/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $178/yr on $80,886 to close, and return on cash invested stands at 20.13% in year one. Equity gained on principal adds $1,574/yr while 5% annual appreciation supports $67,413 over five years. Portfolio math shows five-year ROI at 105.02% and total cumulative return in cash at $84,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,707/mo property income against a $1,194/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: Peggy Kreichgauer • Realty Executives Acclaimed
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259011
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.