402 W Johnson StEnfieldIL62835
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 Enfield at 402 W Johnson St, Enfield, IL, 62835 offers $1,464/mo rent that, after a $871/mo payment, leaves $230/mo cash flow. Total monthly income is $1,464/mo, and annual cash flow is $2,755/yr on $59,007 cash. Return on cash invested measures 24.58% in year one, and rental yield stands at 9.87% at a $178,000 entry. Equity gained on principal adds $1,149/yr while 5% annual appreciation compounds into $49,178 by year five. Five-year ROI records 128.87% and total cumulative return in cash reaches $76,045. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,464/mo property income versus a $871/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62835, Enfield, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 404 (77.8%) |
| Renter Occupied HU | 52 (10.0%) |
| Vacant Housing Units | 63 (12.1%) |
| Median Home Value | $157,598 |
| Average Home Value | $191,504 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
385
Multi-Family
0
Businesses
29
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