314 W Williams StWestvilleIL61883
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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 Westville at 314 W Williams St, Westville, IL, 61883 priced at $169,500 converts $720/mo rent into after a $830/mo obligation. Total monthly income equals $720/mo. Return on cash invested prints 10.17% in year one, and rental yield reads 5.1% against a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation compiles into $46,830 by year five. Five-year ROI reaches 51.57% and total cumulative return in cash sums $28,976. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $720/mo property income covering a $830/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61883, Westville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,969 (100%) |
| Owner Occupied HU | 1,341 (68.1%) |
| Renter Occupied HU | 416 (21.1%) |
| Vacant Housing Units | 212 (10.8%) |
| Median Home Value | $108,101 |
| Average Home Value | $134,299 |
Housing Distribution
Address Breakdown
Residential
1,859
Single Family
1,811
Multi-Family
48
Businesses
88
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