322 Short StRed BudIL62278
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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 Red Bud at 322 Short St, Red Bud, IL, 62278 generates $1,195/mo in rent, after a $979/mo payment. Total monthly income is $1,195/mo. Return on cash invested sits at 16.43% in year one, and rental yield is 7.17% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 85.17% and total cumulative return in cash sums $56,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62278, Red Bud, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,001 (100%) |
| Owner Occupied HU | 2,213 (73.7%) |
| Renter Occupied HU | 542 (18.1%) |
| Vacant Housing Units | 246 ( 8.2%) |
| Median Home Value | $215,244 |
| Average Home Value | $242,262 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,719
Multi-Family
74
Businesses
247
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