342 Bassett RdElizabethtownIL62931
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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 Elizabethtown at 342 Bassett Rd, Elizabethtown, IL, 62931 with 5% annual appreciation on a $159,900 basis while $1,339/mo rent supports operations. Total monthly income totals $1,339/mo and a $783/mo payment preserves $230/mo for cash returns. Annual cash flow comes to $2,754/yr on $53,007 deployed, and return on cash invested reaches 25.11% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 10.05%. Five-year ROI measures 131.75% and total cumulative return in cash totals $69,834.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,339/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
6.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62931, Elizabethtown, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 627 (100%) |
| Owner Occupied HU | 397 (63.3%) |
| Renter Occupied HU | 88 (14.0%) |
| Vacant Housing Units | 142 (22.6%) |
| Median Home Value | $135,417 |
| Average Home Value | $165,844 |
Housing Distribution
Address Breakdown
Residential
598
Single Family
598
Multi-Family
0
Businesses
34
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Listed by: Allen Clay • Farmer & Co. Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000561