304 Locust StMineralIL61344
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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 Mineral at 304 Locust St, Mineral, IL, 61344 uses $58,013 cash to close to unlock $2,000/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,381/mo, and a $857/mo payment keeps the spread at $167/mo. Purchase price stands at $175,000, and rental yield measures 9.47% with $1,381/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 122.32% and total cumulative return in cash records $70,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61344, Mineral, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 173 (100%) |
| Owner Occupied HU | 127 (73.4%) |
| Renter Occupied HU | 26 (15.0%) |
| Vacant Housing Units | 20 (11.6%) |
| Median Home Value | $182,955 |
| Average Home Value | $231,339 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
76
Multi-Family
0
Businesses
9
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