302 E Water StPinckneyvilleIL62274
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Pinckneyville at 302 E Water St, Pinckneyville, IL, 62274 priced at $139,900 converts $0/mo rent into after a $685/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.21% in year one, and rental yield reads 0% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1941
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62274, Pinckneyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,797 (100%) |
| Owner Occupied HU | 1,992 (71.2%) |
| Renter Occupied HU | 489 (17.5%) |
| Vacant Housing Units | 316 (11.3%) |
| Median Home Value | $135,128 |
| Average Home Value | $169,423 |
Housing Distribution
Address Breakdown
Residential
2,599
Single Family
2,497
Multi-Family
102
Businesses
223
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Stephen Cannedy • SHAMROCK REAL ESTATE
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549125