404 N Washington StToulonIL61483
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 Toulon at 404 N Washington St, Toulon, IL, 61483 offers $1,420/mo rent that, after a $881/mo payment, leaves $172/mo cash flow. Total monthly income is $1,420/mo, and annual cash flow is $2,060/yr on $59,637 cash. Return on cash invested measures 23.36% in year one, and rental yield stands at 9.47% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 122.36% and total cumulative return in cash reaches $72,969. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,420/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1889
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61483, Toulon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 919 (100%) |
| Owner Occupied HU | 596 (64.9%) |
| Renter Occupied HU | 180 (19.6%) |
| Vacant Housing Units | 143 (15.6%) |
| Median Home Value | $115,789 |
| Average Home Value | $153,977 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
555
Multi-Family
22
Businesses
65
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