38180 205th AvePittsfieldIL62363
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
Investment property for sale in Pittsfield at 38180 205th Ave, Pittsfield, IL, 62363 uses $42,764 cash to close to unlock $1,411/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,012/mo, and a $631/mo payment keeps the spread at $118/mo. Purchase price stands at $129,000, and rental yield measures 9.41% with $1,012/mo rent. Return on cash invested shows 23.21% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 121.54% and total cumulative return in cash records $51,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,012/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62363, Pittsfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,738 (100%) |
| Owner Occupied HU | 1,786 (65.2%) |
| Renter Occupied HU | 576 (21.0%) |
| Vacant Housing Units | 376 (13.7%) |
| Median Home Value | $141,274 |
| Average Home Value | $166,190 |
Housing Distribution
Address Breakdown
Residential
2,402
Single Family
2,381
Multi-Family
21
Businesses
304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Nichols • Ridgeline Sales Group, LLC
Mls Name: My State MLS
Mls ID: #11431339