242 W Davis StEqualityIL62934
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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 Equality at 242 W Davis St, Equality, IL, 62934 earns $108/mo cash flow from $975/mo rent with a $612/mo payment. Total monthly income totals $975/mo, and annual cash flow totals $1,293/yr on $41,438 capital. ROI tracks 23.03% on current figures, and rental yield reads 9.36% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash sums $49,961. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $975/mo property income instead of your personal income.
Single Family
Built in 1909
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62934, Equality, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 296 (68.7%) |
| Renter Occupied HU | 61 (14.2%) |
| Vacant Housing Units | 74 (17.2%) |
| Median Home Value | $107,353 |
| Average Home Value | $161,681 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
327
Multi-Family
0
Businesses
24
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