3 Heather CtWashingtonIL61571
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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 Washington at 3 Heather Ct, Washington, IL, 61571 listed at $263,500 pairs $1,800/mo rent with a $1,290/mo payment. Total monthly income runs $1,800/mo. Return on cash invested measures 16.02% in year one, and rental yield registers 8.2% at a $263,500 basis. Equity gained on principal adds $1,700/yr, and annual property appreciation at 5% supports $72,800 by year five. Five-year ROI tracks 84.31% and total cumulative return in cash totals $73,644. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $1,290/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
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Listed by: Jeanette Pritchard • RE/MAX WRC Downtown
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1251979
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.