302 N Main StRoyaltonIL62983
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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
Investment property for sale in Royalton at 302 N Main St, Royalton, IL, 62983 offers a 9.92% rental yield on a $116,000 purchase with $959/mo rent. Total monthly income registers $959/mo, and a $568/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,850/yr on $38,454 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $749/yr while 5% annual appreciation supports $32,049 over five years. Portfolio math shows five-year ROI at 129.72% and total cumulative return in cash at $49,883. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $959/mo property income against a $568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62983, Royalton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 798 (100%) |
| Owner Occupied HU | 568 (71.2%) |
| Renter Occupied HU | 162 (20.3%) |
| Vacant Housing Units | 68 ( 8.5%) |
| Median Home Value | $88,750 |
| Average Home Value | $129,586 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
14
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Listed by: Amy Smith • Southern Illinois Realty Experts Herrin
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261669
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.