309 N Front StIukaIL62849
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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 Iuka at 309 N Front St, Iuka, IL, 62849 priced at $350,000 converts $1,246/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,246/mo. Return on cash invested prints 7.69% in year one, and rental yield reads 4.27% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 38.31% and total cumulative return in cash sums $44,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,246/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62849, Iuka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 755 (82.1%) |
| Renter Occupied HU | 85 ( 9.2%) |
| Vacant Housing Units | 80 ( 8.7%) |
| Median Home Value | $122,782 |
| Average Home Value | $169,924 |
Housing Distribution
Address Breakdown
Residential
836
Single Family
836
Multi-Family
0
Businesses
28
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