304 W Broadway BlvdJohnston CityIL62951
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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 Johnston City at 304 W Broadway Blvd, Johnston City, IL, 62951 offers a 9.99% rental yield on a $189,999 purchase with $1,582/mo rent. Total monthly income registers $1,582/mo, and a $930/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,169/yr on $62,985 to close, and return on cash invested stands at 24.94% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,493 over five years. Portfolio math shows five-year ROI at 130.87% and total cumulative return in cash at $82,428. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,582/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
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