309 Peach StWashingtonIL61571
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
Investment property for sale in Washington at 309 Peach St, Washington, IL, 61571 uses $76,212 cash to close to unlock $2,107/yr annual cash flow and $176/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $1,125/mo payment keeps the spread at $176/mo. Purchase price stands at $229,900, and rental yield measures 9.24% with $1,770/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 118.66% and total cumulative return in cash records $90,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Bennett • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1259493