401 Belaire DrWashingtonIL61571
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
Rental property for sale in Washington at 401 Belaire Dr, Washington, IL, 61571 generates $1,313/mo in rent and, after a $827/mo payment, leaves $141/mo in cash flow. Total monthly income is $1,313/mo, and annual cash flow is $1,691/yr on $56,024 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 9.32% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 120.03% and total cumulative return in cash sums $67,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,313/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
9,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61571, Washington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,342 (100%) |
| Owner Occupied HU | 7,655 (74.0%) |
| Renter Occupied HU | 2,036 (19.7%) |
| Vacant Housing Units | 651 ( 6.3%) |
| Median Home Value | $232,683 |
| Average Home Value | $263,343 |
Housing Distribution
Address Breakdown
Residential
10,233
Single Family
9,440
Multi-Family
793
Businesses
536
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel D Abbey • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1263038