2919 State Route 173RichmondIL60071
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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 Richmond at 2919 State Route 173, Richmond, IL, 60071 listed at $530,982 pairs $4,621/mo rent with a $2,599/mo payment to leave $712/mo cash flow. Total monthly income runs $4,621/mo, and annual cash flow reaches $8,542/yr on $174,693 cash to close. Return on cash invested measures 24.95% in year one, and rental yield registers 10.44% at a $530,982 basis. Equity gained on principal adds $3,426/yr, and annual property appreciation at 5% supports $146,701 by year five. Five-year ROI tracks 131.39% and total cumulative return in cash totals $229,527. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,621/mo property income relative to a $2,599/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
6.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60071, Richmond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,188 (65.7%) |
| Renter Occupied HU | 498 (27.5%) |
| Vacant Housing Units | 123 ( 6.8%) |
| Median Home Value | $370,510 |
| Average Home Value | $400,069 |
Housing Distribution
Address Breakdown
Residential
1,737
Single Family
1,270
Multi-Family
467
Businesses
219
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