305 W Main StWatsonIL62473
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Watson at 305 W Main St, Watson, IL, 62473 at $120,000 posts ROI 44.89% with $828/mo cash flow from $1,660/mo rent. Total monthly income equals $1,660/mo, and annual cash flow records $9,936/yr on $39,780 to close. Return on cash invested measures 44.89% and rental yield reads 16.6% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 237.73% and total cumulative return in cash totals $94,567.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,660/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1999
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62473, Watson, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 443 (80.7%) |
| Renter Occupied HU | 55 (10.0%) |
| Vacant Housing Units | 51 ( 9.3%) |
| Median Home Value | $215,051 |
| Average Home Value | $231,179 |
Housing Distribution
Address Breakdown
Residential
468
Single Family
468
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
