305 E Lincoln StGood HopeIL61438
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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
Rental property for sale in Good Hope at 305 E Lincoln St, Good Hope, IL, 61438 priced at $119,000 pairs $928/mo rent with $103/mo cash flow after a $582/mo payment. Total monthly income equals $928/mo, and annual cash flow comes to $1,236/yr on $39,449 invested. Return on cash invested is 23.04% in year one, and rental yield stands at 9.36% on a $119,000 basis. Equity gained on principal adds $768/yr, and 5% annual appreciation accumulates to $32,878 by year five. Five-year ROI measures 120.75% and total cumulative return in cash reaches $47,633. For financing, Ziffy Mortgage’s DSCR program evaluates $928/mo property income against a $582/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in N/A
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61438, Good Hope, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 331 (100%) |
| Owner Occupied HU | 260 (78.5%) |
| Renter Occupied HU | 41 (12.4%) |
| Vacant Housing Units | 30 ( 9.1%) |
| Median Home Value | $148,077 |
| Average Home Value | $251,990 |
Housing Distribution
Address Breakdown
Residential
216
Single Family
216
Multi-Family
0
Businesses
18
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