404 W 9th StJohnston CityIL62951
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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 Johnston City at 404 W 9th St, Johnston City, IL, 62951 uses $54,698 cash to close to unlock $1,189/yr annual cash flow and $99/mo monthly cash flow. Total monthly income runs $1,244/mo, and a $808/mo payment keeps the spread at $99/mo. Purchase price stands at $165,000, and rental yield measures 9.05% with $1,244/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 115.59% and total cumulative return in cash records $63,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62951, Johnston City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 1,604 (66.2%) |
| Renter Occupied HU | 504 (20.8%) |
| Vacant Housing Units | 314 (13.0%) |
| Median Home Value | $101,029 |
| Average Home Value | $154,119 |
Housing Distribution
Address Breakdown
Residential
2,267
Single Family
2,267
Multi-Family
0
Businesses
140
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Listed by: Daniel Henderson • Paul Wilson Realty
Mls Name: RMLS Alliance
Mls ID: #EB459794