308 N Washington BlvdWest FrankfortIL62896
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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
Investment property for sale in West Frankfort at 308 N Washington Blvd, West Frankfort, IL, 62896 earns $108/mo cash flow from $870/mo rent with a $538/mo payment. Total monthly income totals $870/mo, and annual cash flow totals $1,291/yr on $36,432 capital. ROI tracks 23.45% on current figures, and rental yield reads 9.5% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 122.87% and total cumulative return in cash sums $44,764. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $870/mo property income instead of your personal income.
Single Family
Built in 1900
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
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Listed by: Shawnna Donovan • Southern Illinois Realty Experts Herrin
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4270043