230 Elm StKincaidIL62540
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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 Kincaid at 230 Elm St, Kincaid, IL, 62540 offers $998/mo rent that, after a $905/mo payment. Total monthly income is $998/mo. Return on cash invested measures 14.34% in year one, and rental yield stands at 6.47% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 74.01% and total cumulative return in cash reaches $45,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $998/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
8,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62540, Kincaid, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 694 (100%) |
| Owner Occupied HU | 479 (69.0%) |
| Renter Occupied HU | 140 (20.2%) |
| Vacant Housing Units | 75 (10.8%) |
| Median Home Value | $121,516 |
| Average Home Value | $149,796 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
35
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