2422 1st StCoal ValleyIL61240
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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 Coal Valley at 2422 1st St, Coal Valley, IL, 61240 uses $39,780 cash to close to unlock $5,460/yr annual cash flow and $455/mo monthly cash flow. Total monthly income runs $1,287/mo, and a $587/mo payment keeps the spread at $455/mo. Purchase price stands at $120,000, and rental yield measures 12.87% with $1,287/mo rent. Return on cash invested shows 33.63% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 177.42% and total cumulative return in cash records $70,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,287/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1954
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61240, Coal Valley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,581 (100%) |
| Owner Occupied HU | 2,192 (84.9%) |
| Renter Occupied HU | 233 ( 9.0%) |
| Vacant Housing Units | 156 ( 6.0%) |
| Median Home Value | $248,118 |
| Average Home Value | $247,075 |
Housing Distribution
Address Breakdown
Residential
2,516
Single Family
2,516
Multi-Family
0
Businesses
104
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Listed by: Juliet Jackson • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls ID: #QC4266064