242 12th StRapids CityIL61278
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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 Rapids City at 242 12th St, Rapids City, IL, 61278 generates $1,645/mo in rent, after a $1,174/mo payment. Total monthly income is $1,645/mo. Return on cash invested sits at 19.63% in year one, and rental yield is 8.23% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 102.36% and total cumulative return in cash sums $81,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,645/mo property income rather than buyer’s personal income.
Townhouse
Built in 1930
10,584 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61278, Rapids City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 83 (100%) |
| Owner Occupied HU | 69 (83.1%) |
| Renter Occupied HU | 6 ( 7.2%) |
| Vacant Housing Units | 8 ( 9.6%) |
| Median Home Value | $251,389 |
| Average Home Value | $254,891 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Listed by: Brody Gober • KW 1Advantage
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269702