3 Echo LnCentraliaIL62801
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
Rental property for sale in Centralia at 3 Echo Ln, Centralia, IL, 62801 priced at $199,900 pairs $1,672/mo rent with $286/mo cash flow after a $978/mo payment. Total monthly income equals $1,672/mo, and annual cash flow comes to $3,430/yr on $66,267 invested. Return on cash invested is 25.09% in year one, and rental yield stands at 10.04% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 131.6% and total cumulative return in cash reaches $87,205. For financing, Ziffy Mortgage’s DSCR program evaluates $1,672/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
653.40 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62801, Centralia, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,262 (100%) |
| Owner Occupied HU | 5,699 (61.5%) |
| Renter Occupied HU | 2,379 (25.7%) |
| Vacant Housing Units | 1,184 (12.8%) |
| Median Home Value | $103,671 |
| Average Home Value | $137,404 |
Housing Distribution
Address Breakdown
Residential
8,430
Single Family
7,994
Multi-Family
436
Businesses
716
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carl Henrichs • Equity Realty Group, LLC
Mls Name: MARIS
Mls Provider:
Mls ID: #25007419
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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#197)