308 E Prairie StFarmingtonIL61531
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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 Farmington at 308 E Prairie St, Farmington, IL, 61531 offers a 9.46% rental yield on a $124,900 purchase with $985/mo rent. Total monthly income registers $985/mo, and a $611/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,428/yr on $41,404 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 122.27% and total cumulative return in cash at $50,626. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $985/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61531, Farmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,454 (100%) |
| Owner Occupied HU | 1,032 (71.0%) |
| Renter Occupied HU | 259 (17.8%) |
| Vacant Housing Units | 163 (11.2%) |
| Median Home Value | $121,875 |
| Average Home Value | $160,446 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,364
Multi-Family
5
Businesses
123
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Listed by: Samantha J Braden • Rhoades Real Estate & Land Auc
Mls Name: RMLS Alliance
Mls ID: #PA1260871