311 W Franklin StPrincetonIL61356
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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 Princeton at 311 W Franklin St, Princeton, IL, 61356 priced at $204,900 converts $930/mo rent into after a $1,003/mo obligation. Total monthly income equals $930/mo. Return on cash invested prints 11.23% in year one, and rental yield reads 5.45% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 57.29% and total cumulative return in cash sums $38,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $930/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Multi Family
Built in 1999
5,689 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61356, Princeton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,262 (100%) |
| Owner Occupied HU | 3,594 (68.3%) |
| Renter Occupied HU | 1,209 (23.0%) |
| Vacant Housing Units | 459 ( 8.7%) |
| Median Home Value | $157,674 |
| Average Home Value | $184,805 |
Housing Distribution
Address Breakdown
Residential
5,015
Single Family
4,724
Multi-Family
291
Businesses
516
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