302 N Main St, Saint Elmo, IL, 62458 | $554/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Saint Elmo at 302 N Main St, Saint Elmo, IL, 62458 listed at $185,500 pairs $1,841/mo rent with a $908/mo payment to leave $554/mo cash flow. Total monthly income runs $1,841/mo, and annual cash flow reaches $6,651/yr on $61,493 cash to close. Return on cash invested measures 30.73% in year one, and rental yield registers 11.91% at a $185,500 basis. Equity gained on principal adds $1,197/yr, and annual property appreciation at 5% supports $51,250 by year five. Five-year ROI tracks 161.88% and total cumulative return in cash totals $99,543. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,841/mo property income relative to a $908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1887

10,454 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 62458, Saint Elmo, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	936 (100%)
Owner Occupied HU	682 (72.9%)
Renter Occupied HU	134 (14.3%)
Vacant Housing Units	120 (12.8%)
Median Home Value	$134,821
Average Home Value	$172,262