404 E Prairie StJerseyvilleIL62052
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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
Rental property for sale in Jerseyville at 404 E Prairie St, Jerseyville, IL, 62052 offers $1,574/mo rent that, after a $857/mo payment, leaves $360/mo cash flow. Total monthly income is $1,574/mo, and annual cash flow is $4,316/yr on $58,013 cash. Return on cash invested measures 27.35% in year one, and rental yield stands at 10.79% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 143.73% and total cumulative return in cash reaches $83,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,574/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,474 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62052, Jerseyville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,592 (100%) |
| Owner Occupied HU | 3,763 (67.3%) |
| Renter Occupied HU | 1,346 (24.1%) |
| Vacant Housing Units | 483 ( 8.6%) |
| Median Home Value | $183,858 |
| Average Home Value | $229,316 |
Housing Distribution
Address Breakdown
Residential
5,385
Single Family
5,192
Multi-Family
193
Businesses
420
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Listed by: Sherry Gilleland • Dream Home Realty Centre Inc
Mls Name: MARIS
Mls Provider:
Mls ID: #25022542
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