331 N West StFarmingtonIL61531
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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 Farmington at 331 N West St, Farmington, IL, 61531 uses $39,747 cash to close to unlock $5,870/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $1,321/mo, and a $587/mo payment keeps the spread at $489/mo. Purchase price stands at $119,900, and rental yield measures 13.22% with $1,321/mo rent. Return on cash invested shows 34.68% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 183.14% and total cumulative return in cash records $72,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,321/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61531, Farmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,454 (100%) |
| Owner Occupied HU | 1,032 (71.0%) |
| Renter Occupied HU | 259 (17.8%) |
| Vacant Housing Units | 163 (11.2%) |
| Median Home Value | $121,875 |
| Average Home Value | $160,446 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,364
Multi-Family
5
Businesses
123
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Listed by: Donna L Fauntleroy • Coldwell Banker Real Estate Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253654
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.