308 E Jackson StPinckneyvilleIL62274
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
Rental property for sale in Pinckneyville at 308 E Jackson St, Pinckneyville, IL, 62274 priced at $135,000 converts $1,054/mo rent into $114/mo cash flow after a $661/mo obligation. Total monthly income equals $1,054/mo, and annual cash flow totals $1,365/yr on $44,753 invested. Return on cash invested prints 22.96% in year one, and rental yield reads 9.37% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 120.24% and total cumulative return in cash sums $53,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,054/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1923
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62274, Pinckneyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,797 (100%) |
| Owner Occupied HU | 1,992 (71.2%) |
| Renter Occupied HU | 489 (17.5%) |
| Vacant Housing Units | 316 (11.3%) |
| Median Home Value | $135,128 |
| Average Home Value | $169,423 |
Housing Distribution
Address Breakdown
Residential
2,599
Single Family
2,497
Multi-Family
102
Businesses
223
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Listed by: Cheryl A Bigham • Place Real Estate Agency
Mls Name: MARIS
Mls Provider:
Mls ID: #25003237
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