402 N Cochran StWest FrankfortIL62896
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 West Frankfort at 402 N Cochran St, West Frankfort, IL, 62896 generates $1,103/mo in rent and, after a $683/mo payment, leaves $135/mo in cash flow. Total monthly income is $1,103/mo, and annual cash flow is $1,622/yr on $46,244 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 9.49% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 122.76% and total cumulative return in cash sums $56,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,103/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,384 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62896, West Frankfort, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,905 (100%) |
| Owner Occupied HU | 3,622 (61.3%) |
| Renter Occupied HU | 1,438 (24.4%) |
| Vacant Housing Units | 845 (14.3%) |
| Median Home Value | $103,738 |
| Average Home Value | $209,718 |
Housing Distribution
Address Breakdown
Residential
5,100
Single Family
4,925
Multi-Family
175
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beatrice Roeder • Southern Illinois Realty Experts Herrin
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4270110