300 S Washington StJoyIL61260
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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
Rental property for sale in Joy at 300 S Washington St, Joy, IL, 61260 generates $902/mo in rent and, after a $562/mo payment, leaves $97/mo in cash flow. Total monthly income is $902/mo, and annual cash flow is $1,165/yr on $38,089 invested. Return on cash invested sits at 22.97% in year one, and rental yield is 9.42% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 120.45% and total cumulative return in cash sums $45,878. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $902/mo property income rather than buyer’s personal income.
Single Family
Built in 1893
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61260, Joy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 356 (100%) |
| Owner Occupied HU | 231 (64.9%) |
| Renter Occupied HU | 57 (16.0%) |
| Vacant Housing Units | 68 (19.1%) |
| Median Home Value | $111,990 |
| Average Home Value | $153,604 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
16
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Listed by: Zach Frick • EXP REALTY, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263805
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.