2976 State Highway 104FranklinIL62638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Franklin at 2976 State Highway 104, Franklin, IL, 62638 offers a 12.35% rental yield on a $189,900 purchase with $1,955/mo rent. Total monthly income registers $1,955/mo, and a $929/mo payment leaves $638/mo available for distribution. Annual cash flow reaches $7,659/yr on $62,952 to close, and return on cash invested stands at 32.08% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 169.11% and total cumulative return in cash at $106,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,955/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
1.52 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kerris Osborn • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1030703
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.