308 W North StCooksvilleIL61728
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 Cooksville at 308 W North St, Cooksville, IL, 61728 offers $1,689/mo rent that, after a $562/mo payment, leaves $892/mo cash flow. Total monthly income is $1,689/mo, and annual cash flow is $10,709/yr on $38,089 cash. Return on cash invested measures 48.02% in year one, and rental yield stands at 17.64% at a $114,900 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,745 by year five. Five-year ROI records 254.66% and total cumulative return in cash reaches $96,998. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,689/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61728, Colfax, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 606 (100%) |
| Owner Occupied HU | 469 (77.4%) |
| Renter Occupied HU | 92 (15.2%) |
| Vacant Housing Units | 45 ( 7.4%) |
| Median Home Value | $164,338 |
| Average Home Value | $211,599 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
41
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Listed by: Larissa Seggerman • RE/MAX Choice
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12399409