402 W Prospect StKewaneeIL61443
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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 Kewanee at 402 W Prospect St, Kewanee, IL, 61443 offers a 9.05% rental yield on a $199,900 purchase with $1,508/mo rent. Total monthly income registers $1,508/mo, and a $978/mo payment leaves $122/mo available for distribution. Annual cash flow reaches $1,462/yr on $66,267 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 115.64% and total cumulative return in cash at $76,633. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,508/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61443, Kewanee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,351 (100%) |
| Owner Occupied HU | 4,022 (63.3%) |
| Renter Occupied HU | 1,568 (24.7%) |
| Vacant Housing Units | 761 (12.0%) |
| Median Home Value | $86,468 |
| Average Home Value | $130,548 |
Housing Distribution
Address Breakdown
Residential
5,804
Single Family
5,476
Multi-Family
328
Businesses
437
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