308 S Madison StPittsfieldIL62363
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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 Pittsfield at 308 S Madison St, Pittsfield, IL, 62363 generates $2,598/mo in rent and, after a $1,194/mo payment, leaves $906/mo in cash flow. Total monthly income is $2,598/mo, and annual cash flow is $10,870/yr on $80,886 invested. Return on cash invested sits at 33.35% in year one, and rental yield is 12.78% on a $244,000 entry. Equity gained on principal adds $1,574/yr, while 5% annual appreciation builds toward $67,413 over five years. Five-year ROI reaches 175.87% and total cumulative return in cash sums $142,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,598/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
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Listed by: Richard Smith • Ridgeline Sales Group, LLC
Mls Name: NY State MLS
Mls ID: #11520784