403 S Kelly StAlexisIL61412
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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 Alexis at 403 S Kelly St, Alexis, IL, 61412 uses $47,073 cash to close to unlock $1,417/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,103/mo, and a $695/mo payment keeps the spread at $118/mo. Purchase price stands at $142,000, and rental yield measures 9.32% with $1,103/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 120.1% and total cumulative return in cash records $56,534. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,103/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61412, Alexis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 624 (100%) |
| Owner Occupied HU | 472 (75.6%) |
| Renter Occupied HU | 78 (12.5%) |
| Vacant Housing Units | 74 (11.9%) |
| Median Home Value | $102,632 |
| Average Home Value | $141,266 |
Housing Distribution
Address Breakdown
Residential
437
Single Family
426
Multi-Family
11
Businesses
38
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