305 E Walnut StWestfieldIL62474
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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 Westfield at 305 E Walnut St, Westfield, IL, 62474 uses $36,465 cash to close to unlock $881/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $836/mo, and a $538/mo payment keeps the spread at $73/mo. Purchase price stands at $110,000, and rental yield measures 9.12% with $836/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash records $42,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $836/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62474, Westfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 380 (100%) |
| Owner Occupied HU | 316 (83.2%) |
| Renter Occupied HU | 50 (13.2%) |
| Vacant Housing Units | 14 ( 3.7%) |
| Median Home Value | $122,059 |
| Average Home Value | $212,793 |
Housing Distribution
Address Breakdown
Residential
243
Single Family
243
Multi-Family
0
Businesses
18
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