400 E Franklin StPalestineIL62451
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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 Palestine at 400 E Franklin St, Palestine, IL, 62451 at $175,000 posts ROI 28.47% with $414/mo cash flow from $1,628/mo rent. Total monthly income equals $1,628/mo, and annual cash flow records $4,964/yr on $58,013 to close. Return on cash invested measures 28.47% and rental yield reads 11.16% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 149.73% and total cumulative return in cash totals $86,863.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,628/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62451, Palestine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 992 (100%) |
| Owner Occupied HU | 726 (73.2%) |
| Renter Occupied HU | 140 (14.1%) |
| Vacant Housing Units | 126 (12.7%) |
| Median Home Value | $113,924 |
| Average Home Value | $159,332 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
80
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