245 W Virginia StColumbiaIL62236
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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 Columbia at 245 W Virginia St, Columbia, IL, 62236 with 5% annual appreciation on a $226,000 basis while $1,640/mo rent supports operations. Total monthly income totals $1,640/mo and a $1,106/mo payment preserves $73/mo for cash returns. Annual cash flow comes to $871/yr on $74,919 deployed, and return on cash invested reaches 21.07% in year one. Equity gained on principal adds $1,458/yr, and five-year appreciation sums $62,440 alongside rental yield of 8.71%. Five-year ROI measures 110.07% and total cumulative return in cash totals $82,463.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,640/mo property income versus a $1,106/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
9,256 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62236, Columbia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,987 (100%) |
| Owner Occupied HU | 4,739 (79.2%) |
| Renter Occupied HU | 930 (15.5%) |
| Vacant Housing Units | 318 ( 5.3%) |
| Median Home Value | $325,870 |
| Average Home Value | $363,309 |
Housing Distribution
Address Breakdown
Residential
5,708
Single Family
5,560
Multi-Family
148
Businesses
511
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