401 E Progress StAshlandIL62612
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 Ashland at 401 E Progress St, Ashland, IL, 62612 offers a 10.2% rental yield on a $269,900 purchase with $2,294/mo rent. Total monthly income registers $2,294/mo, and a $1,321/mo payment leaves $422/mo available for distribution. Annual cash flow reaches $5,063/yr on $89,472 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 134.14% and total cumulative return in cash at $120,018. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,294/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62612, Ashland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 627 (74.9%) |
| Renter Occupied HU | 139 (16.6%) |
| Vacant Housing Units | 71 ( 8.5%) |
| Median Home Value | $137,664 |
| Average Home Value | $197,955 |
Housing Distribution
Address Breakdown
Residential
561
Single Family
561
Multi-Family
0
Businesses
43
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