324 W Washington StRushvilleIL62681
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rushville at 324 W Washington St, Rushville, IL, 62681 priced at $117,500 pairs $1,016/mo rent with $201/mo cash flow after a $575/mo payment. Total monthly income equals $1,016/mo, and annual cash flow comes to $2,413/yr on $38,951 invested. Return on cash invested is 26.1% in year one, and rental yield stands at 10.38% on a $117,500 basis. Equity gained on principal adds $758/yr, and 5% annual appreciation accumulates to $32,463 by year five. Five-year ROI measures 137.16% and total cumulative return in cash reaches $53,426. For financing, Ziffy Mortgage’s DSCR program evaluates $1,016/mo property income against a $575/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
7,735 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62681, Rushville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,416 (100%) |
| Owner Occupied HU | 1,589 (65.8%) |
| Renter Occupied HU | 455 (18.8%) |
| Vacant Housing Units | 372 (15.4%) |
| Median Home Value | $120,109 |
| Average Home Value | $152,086 |
Housing Distribution
Address Breakdown
Residential
2,190
Single Family
2,159
Multi-Family
31
Businesses
227
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