305 N Hanover St, Okawville, IL, 62271 | $434/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1650 sft

2805 Scenic Lake Dr, New Athens, IL, 62264

3 Bed
2 Bath
1816 sft

9710 Winchester St, Mascoutah, IL, 62258

3 Bed
3 Bath
2210 sft

207 Peach Ln, New Baden, IL, 62265

3 Bed
5 Bath
2850 sft

287 Westbrook Dr, Breese, IL, 62230

Nearby investment properties with comparable prices

4 Bed
2 Bath
1858 sft

5599 County Highway 21, Nashville, IL, 62263

3 Bed
2 Bath
2524 sft

2320 Baldwin Rd #R, New Athens, IL, 62264

3 Bed
3 Bath
1317 sft

611 W 2nd St, Aviston, IL, 62216

3 Bed
2 Bath
1664 sft

1424 McKinley St, Mascoutah, IL, 62258

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Okawville at 305 N Hanover St, Okawville, IL, 62271 with 5% annual appreciation on a $399,000 basis while $3,202/mo rent supports operations. Total monthly income totals $3,202/mo and a $1,953/mo payment preserves $434/mo for cash returns. Annual cash flow comes to $5,212/yr on $132,269 deployed, and return on cash invested reaches 23.85% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 9.63%. Five-year ROI measures 124.97% and total cumulative return in cash totals $165,290.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,202/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1883

1 Acres lot

$N/A/sqft

No HOA