402 N Main StSaint JosephIL61873
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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 Saint Joseph at 402 N Main St, Saint Joseph, IL, 61873 offers a 7.15% rental yield on a $279,000 purchase with $1,663/mo rent. 37% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 84.87% and total cumulative return in cash at $78,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,663/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61873, Saint Joseph, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,991 (83.3%) |
| Renter Occupied HU | 296 (12.4%) |
| Vacant Housing Units | 104 ( 4.3%) |
| Median Home Value | $268,318 |
| Average Home Value | $282,628 |
Housing Distribution
Address Breakdown
Residential
2,087
Single Family
2,034
Multi-Family
53
Businesses
119
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