3408 Plainfield WayShilohIL62221
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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 Shiloh at 3408 Plainfield Way, Shiloh, IL, 62221 generates $2,677/mo in rent and, after a $1,640/mo payment, leaves $353/mo in cash flow. Total monthly income is $2,677/mo, and annual cash flow is $4,236/yr on $111,053 invested. Return on cash invested sits at 23.72% in year one, and rental yield is 9.59% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 124.33% and total cumulative return in cash sums $138,068. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,677/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62221, Belleville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,726 (100%) |
| Owner Occupied HU | 7,788 (61.2%) |
| Renter Occupied HU | 4,046 (31.8%) |
| Vacant Housing Units | 892 ( 7.0%) |
| Median Home Value | $232,761 |
| Average Home Value | $264,956 |
Housing Distribution
Address Breakdown
Residential
12,440
Single Family
11,741
Multi-Family
699
Businesses
368
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