320 E Locust St, Watseka, IL, 60970 | 3.14% Rental Yield

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320 E Locust St, Watseka, IL, 60970 | 3.14% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Watseka at 320 E Locust St, Watseka, IL, 60970 at $274,900 posts ROI 4.29% with from $720/mo rent. Total monthly income equals $720/mo. Return on cash invested measures 4.29% and rental yield reads 3.14% at the current $274,900. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 by year five. Five-year ROI prints 20.05% and total cumulative return in cash totals $18,267. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $720/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1911

10,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning and spacious 4-bedroom, 3-bathroom home that blends timeless charm with thoughtful updates throughout. A charming brick walkway leads to the inviting front porch-perfect for morning coffee or evening chats-framed by beautifully landscaped grounds and a trellis-accented stone path connecting the side and backyard. Step inside and be captivated by original hardwood floors, elegant crown molding, high ceilings, and detailed woodwork, including built-in cabinetry and stylish lighting. The gas fireplace, flanked by built-in shelving, anchors one of the multiple living areas with rooms galore to use as office space, living areas, reading nooks, and so on! The open layout kitchen is a showstopper-featuring stainless steel appliances, an oversized island with seating for six, and easy flow to the expansive entertainment area added in the home's stunning addition (approx. 8 years ago). This newer space also includes a mudroom with a custom dog bath/mop sink, half bath, office area, and an attached garage. Upstairs, find a beautifully appointed primary suite with laundry conveniently located just off the bedroom. The attic space was converted to a large walk - in closet! Newer windows in all bedrooms enhance comfort and efficiency. Enjoy zoned heating and cooling with two furnaces and three A/C units for year-round comfort. Out back, unwind on the deck or beside the peaceful koi pond-complete with a waterfall and large goldfish-or shoot hoops on the driveway basketball area. A true blend of historic charm and modern convenience, this one-of-a-kind home is ready to welcome its next owner!

Neighborhood Data

Neighborhood data shown for ZIP Code: 60970, Watseka, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,333 (100%)
Owner Occupied HU	1,968 (59.0%)
Renter Occupied HU	860 (25.8%)
Vacant Housing Units	505 (15.2%)
Median Home Value	$153,372
Average Home Value	$210,017