288 State Route 89 RdWashburnIL61570
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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 Washburn at 288 State Route 89 Rd, Washburn, IL, 61570 uses $49,725 cash to close to unlock $1,065/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,129/mo, and a $734/mo payment keeps the spread at $89/mo. Purchase price stands at $150,000, and rental yield measures 9.03% with $1,129/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 115.34% and total cumulative return in cash records $57,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,129/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61570, Washburn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 745 (100%) |
| Owner Occupied HU | 542 (72.8%) |
| Renter Occupied HU | 131 (17.6%) |
| Vacant Housing Units | 72 ( 9.7%) |
| Median Home Value | $142,500 |
| Average Home Value | $195,037 |
Housing Distribution
Address Breakdown
Residential
605
Single Family
595
Multi-Family
10
Businesses
46
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