306 Putnam StMount OliveIL62069
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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 Mount Olive at 306 Putnam St, Mount Olive, IL, 62069 priced at $237,500 converts $1,159/mo rent into after a $1,162/mo obligation. Total monthly income equals $1,159/mo. Return on cash invested prints 12.47% in year one, and rental yield reads 5.86% against a $237,500 entry. Equity gained on principal adds $1,533/yr, while 5% annual appreciation compiles into $65,617 by year five. Five-year ROI reaches 64.01% and total cumulative return in cash sums $50,397. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,159/mo property income covering a $1,162/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62069, Mount Olive, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 1,178 (72.4%) |
| Renter Occupied HU | 248 (15.2%) |
| Vacant Housing Units | 202 (12.4%) |
| Median Home Value | $135,577 |
| Average Home Value | $174,041 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,384
Multi-Family
10
Businesses
67
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Listed by: Mike Mihelcic • RE/MAX Alliance
Mls Name: MARIS
Mls ID: #26003121