311 E 3rd StTrentonIL62293
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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 Trenton at 311 E 3rd St, Trenton, IL, 62293 generates $1,766/mo in rent and, after a $1,121/mo payment, leaves $177/mo in cash flow. Total monthly income is $1,766/mo, and annual cash flow is $2,129/yr on $75,914 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 9.25% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 118.91% and total cumulative return in cash sums $90,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,766/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
8,258 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62293, Trenton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,015 (100%) |
| Owner Occupied HU | 1,564 (77.6%) |
| Renter Occupied HU | 344 (17.1%) |
| Vacant Housing Units | 107 ( 5.3%) |
| Median Home Value | $252,186 |
| Average Home Value | $276,168 |
Housing Distribution
Address Breakdown
Residential
1,953
Single Family
1,903
Multi-Family
50
Businesses
115
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