301-303 N Diamond StJacksonvilleIL62650
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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 Jacksonville at 301-303 N Diamond St, Jacksonville, IL, 62650 generates $1,459/mo in rent and, after a $636/mo payment, leaves $558/mo in cash flow. Total monthly income is $1,459/mo, and annual cash flow is $6,693/yr on $43,062 invested. Return on cash invested sits at 35.45% in year one, and rental yield is 13.48% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 187.2% and total cumulative return in cash sums $80,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,459/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Shawn Doerr • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1035374
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.