315 N 6th StOquawkaIL61469
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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
Investment property for sale in Oquawka at 315 N 6th St, Oquawka, IL, 61469 uses $33,150 cash to close to unlock $1,186/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $792/mo, and a $489/mo payment keeps the spread at $99/mo. Purchase price stands at $100,000, and rental yield measures 9.5% with $792/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 123.02% and total cumulative return in cash records $40,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $792/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61469, Oquawka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,023 (100%) |
| Owner Occupied HU | 707 (69.1%) |
| Renter Occupied HU | 158 (15.4%) |
| Vacant Housing Units | 158 (15.4%) |
| Median Home Value | $111,833 |
| Average Home Value | $133,660 |
Housing Distribution
Address Breakdown
Residential
621
Single Family
621
Multi-Family
0
Businesses
52
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