301 E Elm StCowdenIL62422
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 Cowden at 301 E Elm St, Cowden, IL, 62422 offers $1,523/mo rent that, after a $978/mo payment, leaves $137/mo cash flow. Total monthly income is $1,523/mo, and annual cash flow is $1,642/yr on $66,267 cash. Return on cash invested measures 22.39% in year one, and rental yield stands at 9.14% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 117.11% and total cumulative return in cash reaches $77,605. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,523/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62422, Cowden, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 443 (73.8%) |
| Renter Occupied HU | 111 (18.5%) |
| Vacant Housing Units | 46 ( 7.7%) |
| Median Home Value | $174,764 |
| Average Home Value | $199,453 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
20
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