302 E Ames StYates CityIL61572
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 Yates City at 302 E Ames St, Yates City, IL, 61572 offers $1,127/mo rent that, after a $587/mo payment, leaves $295/mo cash flow. Total monthly income is $1,127/mo, and annual cash flow is $3,540/yr on $39,780 cash. Return on cash invested measures 28.81% in year one, and rental yield stands at 11.27% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 151.51% and total cumulative return in cash reaches $60,271. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,127/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61572, Yates City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 530 (100%) |
| Owner Occupied HU | 396 (74.7%) |
| Renter Occupied HU | 63 (11.9%) |
| Vacant Housing Units | 71 (13.4%) |
| Median Home Value | $140,909 |
| Average Home Value | $174,710 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
18
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Nearby investment properties with comparable prices
Listed by: Rachel Fuller • Gateway Realty Group
Mls Name: RMLS Alliance
Mls ID: #QC4265218