306 E Michigan AveJacksonvilleIL62650
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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 Jacksonville at 306 E Michigan Ave, Jacksonville, IL, 62650 generates $2,164/mo in rent and, after a $631/mo payment, leaves $1,268/mo in cash flow. Total monthly income is $2,164/mo, and annual cash flow is $15,211/yr on $42,764 invested. Return on cash invested sits at 55.48% in year one, and rental yield is 20.13% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 294.62% and total cumulative return in cash sums $125,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,164/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
8,340 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Carrie Valentine • The Real Estate Group, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #CA1039513
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-22 03:23:14 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)