311 W Illinois StJoyIL61260
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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 Joy at 311 W Illinois St, Joy, IL, 61260 priced at $104,900 converts $807/mo rent into $80/mo cash flow after a $513/mo obligation. Total monthly income equals $807/mo, and annual cash flow totals $958/yr on $34,774 invested. Return on cash invested prints 22.66% in year one, and rental yield reads 9.23% against a $104,900 entry. Equity gained on principal adds $677/yr, while 5% annual appreciation compiles into $28,982 by year five. Five-year ROI reaches 118.59% and total cumulative return in cash sums $41,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $807/mo property income covering a $513/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61260, Joy, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 356 (100%) |
| Owner Occupied HU | 231 (64.9%) |
| Renter Occupied HU | 57 (16.0%) |
| Vacant Housing Units | 68 (19.1%) |
| Median Home Value | $111,990 |
| Average Home Value | $153,604 |
Housing Distribution
Address Breakdown
Residential
196
Single Family
196
Multi-Family
0
Businesses
16
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Listed by: Amanda Buchanan • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4257736
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.